Nextech3D.AI Corporation announced a private placement of 30,000,000 units at a price of CAD 0.12 per unit for the gross proceeds CAD 3,600,000 on November 2, 2023. Each unit will be comprised of one common share of the company and one common share purchase warrant with each whole Warrant exercisable to acquire one additional common share at a price of CAD 0.17 for a period of 36 months from the date of issuance thereof. The offering is anticipated to close on or about the week of November 22, 2023.

The company may pay a finders fee of up to 8% of the gross proceeds of the offering to eligible registrants assisting in the offering, and issue such number of broker warrants as is equal to up to 8% of the number of units sold by such registrants, with each broker arrant entitling the holder to acquire one share at CAD 0.12 for a period of 36 months. It is anticipated that certain insiders of the company may acquire Units under the offering.