09:51 AM EDT, 03/20/2025 (MT Newswires) -- Tribe Property Technologies ( TRPTF ) , a provider of technology-elevated property management solutions that saw its shares rise more than 4% on Wednesday, announced a non-brokered private placement of about $775,000.

Tribe Property ( TRPTF ) expects the company's chief executive, chief financial officer, executive vice president and members of the board will take part in the financing.

The company will conduct a non-brokered private placement of up to 1.5 million units at $0.52 apiece, with each unit consisting of one common share of the company and one-half of one common share purchase warrant. Each warrant entitles the holder to buy one common share at $0.82 at any time on or before that date which is five years after the closing date of the financing.

The company intends to use net proceeds to retire debt payments and reduce payables.