VANCOUVER, British Columbia, April 24, 2024 (GLOBE NEWSWIRE) -- Hapbee Technologies, Inc. (TSXV:HAPB) (OTCQB:HAPBF) (FSE: HA1) ("Hapbee" or the "Company"), the digital wellness technology company is pleased to confirm that it has completed a non-brokered private placement of units of the Company ("Units") for aggregate gross proceeds to the Company of CAD$2,785,000 (the "Offering"). "This capital enables us to continue to evolve our products and to expand our market presence and manufacturing" said Yona Shtern, CEO and Executive Chairman of Hapbee. As part of the Offering, the Company issued 50.454,544 Units at a price of CAD $0.055 per Unit (the "Offering Price"), which consisted in the issuance of 50.454.544 subordinate voting shares of the Company ("Shares") and 50.454,544 Share purchase warrants ("Warrants") with each Warrant entitling the holder thereof to acquire one Share at a price of CAD$0.11 per Share for a period of 3 years from the closing date of the Offering. The expiry date of the Warrants will be subject to prior acceleration, at the discretion of the Company, should the volume weighted average price of the Company's listed Shares on the TSX Venture Exchange ("TSXV"), or any other stock exchange on which the Company's Shares are then listed, is greater than CAD$0.40 for a period of 10 consecutive trading days, the whole in accordance with the terms of the Warrants. Each Share and Warrant issued (including the Shares underlying the Warrants) will be subject to a hold period of four months plus one day following the closing of the Offering (the "Hold Period") pursuant to Canadian and US securities laws. Any net proceeds received by the Company from the Offering are intended to be used for product development, manufacturing, business development, working capital and general corporate purposes. The Offering remains subject ...