Xcyte Digital Corporation announced that it has received CAD 4.467133 million in funding from GHP Noetic Science-Psychedelic Pharma Inc.

On November 9, 2023, Xcyte Digital Corporation closed the transaction. The company has amended the terms of the transaction. The company has issued 600,000 units at a price of CAD 0.25 per SV Unit for gross proceeds of CAD 150,000, and 1,647 units at a price of CAD 2,621.21 for gross proceeds of CAD 4,317,000 for the total aggregate gross proceeds of CAD 4,467,000.

Each SV Unit was comprised of one SV Share and one-half of one warrant, with each Warrant exercisable into one SV Share at a price of CAD 0.50 per SV Share until November 9, 2026, and each MV Unit was comprised of one MV Share and 5,000 Warrants, with each Warrant exercisable into one SV Share at a price of CAD 0.50 per SV Share until November 9, 2026. The round was oversubscribed.