08:19 AM EDT, 06/26/2025 (MT Newswires) -- Hapbee Technologies ( HAPBF ) , which gained 18% on Wednesday, overnight, announced a non-brokered private placement consisting of up to 15.1 million units at $0.10 apiece for $1.5 million.

The company also appointed Ahsan Ashraf as its new chief technology officer.

Each Unit will consist of one subordinate voting common share and one-half of one common share purchase warrant. Each warrant will be exercisable for one additional share of the company at $0.20 for two years from the date of issuance.

Proceeds from the offering are expected to be used to support sales expansion initiatives, building brand awareness, and deepening customer engagement through enhanced marketing and distribution. Hapbee ( HAPBF ) will also allocate capital toward improving operating efficiencies, including supply chain optimization and cost-saving measures, to support scalable growth into 2025 and beyond.

Shares of the company closed up $0.020 to $0.130 on Wednesday on the TSX Venture Exchange.