09:04 AM EST, 02/28/2025 (MT Newswires) -- Treatment.com AI ( TREIF ) , which closed down 3.8% on Thursday, said it raised $3 million in a private placement of 6 million units sold at at $0.50 apiece with the proceeds slated for research and development, general and administrative expenses, and working capital.

A unit consists of one common share and one-half of one common share purchase warrant. Each full warrant entitles the holder to buy one common share for $0.75 for 24 months following the closing date, which expected on or before March 12.

On Thursday, the shares closed 3.8% lower at $0.51.