Emerge Commerce Ltd. announced a private placement to issue 5,190,916 restricted share units at an issue price of ranging from CAD 0.065 to CAD 0.20 for the gross proceeds of CAD 1,038,183.2 on August 31, 2023. Each vested RSU entitles the holder to receive one common share of the Company. The directors of the Company have agreed to suspend their cash retainer and accept compensation in the form of restricted share units.

The transaction included participation from Ghassan Halazon who have subscribed for 735,861 restricted share units.