08:25 AM EDT, 10/27/2025 (MT Newswires) -- Humanoid Global Holdings ( RBOHF ) over the weekend said it completed its previously announced non-brokered private placement of special warrants for gross proceeds of C$2 million.

The company issued 2.5 million special warrants at a price of $0.80 each.

Each special warrant will automatically convert into one common share of the company and one transferable common share purchase warrant. Each warrant will allow the holder to buy one share at a price of $1.20 per share for a period of two years following the date of issuance of the special warrants.

A statement noted that each special warrant will automatically convert, for no additional consideration, into one share and one warrant on the earlier of the date that is three business days following the date on which the company files a prospectus supplement to a short form base shelf prospectus with the applicable securities commissions qualifying the distribution of the units underlying the special warrants and the date that is four months and one day after the closing of the offering.

The company said it will use the net proceeds of the offering for general working capital purposes.

The company also said that in parallel with the offering, during the current year, it has realized gross proceeds of $74,425 from the sale of certain investments. In addition, it added that ahead of the offering's closing, a number of previously issued warrants were exercised, providing $229,710 in additional cash proceeds to the company.

Humanoid Global ( RBOHF ) added that it has received a demand letter from its former chief executive officer, which is currently under review and said that at this time, no legal proceedings have been commenced. The company said it believes the allegations are "without merit."

The company, separately on Monday, said that Saman Farid joined its investment advisory board. Farid is the founder and CEO of Formic Technologies.

The company said that Farid brings "extensive global investment experience" in artificial intelligence and robotics, having previously led the global investment fund for Baidu Ventures with a focus on AI, machine learning, and their impact on the future of work and life.

He is also the founder of Comet Labs, an AI-focused investment fund and incubator.

"His leadership in building Formic and his experience at Baidu Ventures, along with his access to the Asian market, is expected to provide valuable insight to our work in humanoid robotics," said Humanoid Global's ( RBOHF ) CEO Shahab Samimi.