07:06 AM EDT, 10/22/2025 (MT Newswires) -- Realbotix ( XBOTF ) overnight Tuesday said it entered into an agreement with A.G.P. Canada Investments, acting as the sole agent and bookrunner, for a "best efforts" private placement for aggregate gross proceeds to the company of up to C$5 million.
The company will issue up to 10 million units at a price of C$0.50 each.
Each unit will be made up of one common share in the capital of the company and one five-year warrant to buy one common share at an exercise price of C$0.75.
The company plans to use the net proceeds from the offering to advance the engineering, design and commercialization of its AI-powered humanoid robots, and for working capital and general corporate purposes.
The offering is expected to close on or about Oct. 24, 2025, or such other date as may be determined by the company and the agent, and is subject to the company receiving all necessary regulatory approvals.