ITH Corporation announced a private placement to issue not more than 13,571,897 shares for gross proceeds of not more than $13,571,897 on May 25, 2023. The transaction will include participation from new investor, TES Touch Embedded Solutions Inc. Post-closing of the transaction, the company?s total shares issued shall increase from 367,713,714 shares to 452,396,565 shares, and investor shall hold not more than 3% of the equity stake in the company.