Novint Technologies, Inc. announced that it has entered into Securities Purchase Agreement to which the it has issued common shares at an issue price of $0.011 per share, Series A Convertible Preferred shares and warrants for the gross proceeds of $5,025,000 on August 14, 2023. The company also issued warrants which is exercisable at $0.033 per share for the period of 5 years from the closing date. For a period not to exceed thirty days from the closing of the Private Placement, the Company may sell to Private Placement Investors and/or other investors additional shares of Common Stock, shares of Series A Preferred Stock, and Warrants, such that the aggregate amount of gross proceeds from the Private Placement and such additional sales is equal to $6,000,000.
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