09:40 AM EDT, 07/29/2024 (MT Newswires) -- Hapbee Technologies ( HAPBF ) on Monday closed its non-brokered offering that raised $2.72 million.

As part of the offering, the company issued 22.6 million units at $0.12 each. Each unit consists of one subordinate voting share and one-half of one non-transferable share purchase warrant.

Each warrant is exercisable to acquire one additional share until July 26, 2026 for $0.24.

The net proceeds will be used to fund product and business development, and for working capital and general corporate purposes.