Latest news with #SeanPeasgood
Cision Canada
17-06-2025
- Business
- Cision Canada
Renoworks Engages Sophic Capital for Capital Markets Advisory and Investor Relations Services and Grant Additional Options
CALGARY, AB, June 17, 2025 /CNW/ - Renoworks Software Inc. (TSXV: RW) (" Renoworks" or the " Company"), an industry leader in visualization and lead generation technology for the home renovation and new construction sector, announces that it has entered into a capital markets advisory agreement with Sophic Capital Inc. (" Sophic Capital"), to provide investor relations services to the Company. Sophic Capital will assist the Company in the preparation of an investor communications plan, investor materials, news releases, roadshows and conference calls. "As we continue to scale and deliver consistent financial performance, we recognize the importance of increasing our visibility with investors," said Doug Vickerson, CEO of Renoworks. "Our sustained growth reflects the strength of our business model and as we look ahead to 2025 and beyond, now is the right time to engage Sophic Capital. Their expertise will be instrumental in helping us communicate our story as well as execute a sound capital markets strategy to support our next phase of expansion." "Renoworks is a growing and innovative company with experienced leadership, a unique technology adopted by industry leaders, and has a significant market opportunity," said Sean Peasgood, President and CEO of Sophic Capital. "We believe that its progress has been underappreciated by investors, and we've started assembling a strategy to bring greater awareness to Renoworks' story and drive long-term value creation for shareholders." The agreement is for a term of 12-months, commencing on June 16, 2025. In consideration for Sophic Capital's services, the Company will pay Sophic $8,000 per month and will reimburse Sophic Capital for expenses approved by the Company in advance in writing. In addition, the Company will grant to Sophic Capital 100,000 stock options. The options vest in equal installments over 12 months, have a five-year term and an exercise price of $0.335. These options expire June 15, 2030 and are governed by the company's Stock Option Plan. In addition, Renoworks announced that on June 16, 2025 the Company issued 375,000 stock options to officers and directors of the Company. The options vest equally over three years, have a five-year term and an exercise price of $0.335. These options expire June 15, 2030 and are governed by the company's Stock Option Plan. This brings the total number of options outstanding to 3,361,167 or 8.3% of outstanding shares. About Sophic Capital Sophic Capital is a full-service capital markets advisory and investor relations firm for public and private growth companies. We specialize in developing complete capital markets strategies for companies across all stages of development and all sectors of the market. Our team collectively has more than 50 years of experience in capital markets and relevant industry sectors spanning multiple jurisdictions. The versatility and relationships Sophic Capital brings enables us to deliver extensive, customized, and actionable strategies for early-stage growth companies. Our depth of knowledge in the technology, clean technology, and industrial markets combined with decades of experience working in the capital markets and industry, makes Sophic Capital an ideal partner to help lower your cost of capital, and accelerate your growth. For more information, visit About Renoworks Renoworks Software Inc. develops and sells unique digital visualization software and integration solutions for the remodeling and new home construction industry. Renoworks delivers its technology to manufacturers, contractors, builders, and retailers offering solutions to one of the home improvement industry's greatest challenges: enabling homeowners to review their product selections in a hyper-realistic, virtual environment before committing to purchases and construction. Renoworks markets its technologies as an innovative engagement, sales, and marketing platform and generates revenues from five main business lines: Renoworks Enterprise, Renoworks PRO, Renoworks Design Services, Renoworks FastTrack, and Renoworks API (Application Programming Interface). For more information, visit and Forward Looking Information Certain statements in this news release, other than statements of historical fact, are forward looking information that involves various risks and uncertainties. Such statements relating to, among other things, the prospects for the Company to enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward looking statements are based on the estimates and opinions of the management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. SOURCE RenoWorks Software Inc.
Yahoo
06-02-2025
- Business
- Yahoo
Cybeats Closes Final Tranche of Non-Brokered Offering; Over $2M in Total Proceeds
Toronto, Ontario--(Newsfile Corp. - February 5, 2025) - Cybeats Technologies Corp. (CSE: CYBT) (OTCQB: CYBCF) ("Cybeats'' or the "Company"), a global leader in software supply chain security, is pleased to announce the closing of its previously announced non-brokered private placement (the "Offering") for total gross proceeds of over $2 million. Proceeds from the Offering will be used to scale the Company's commercial presence, and support ongoing corporate activities. Including the first tranche of the Offering, the Company has issued a total of 12,586,625 Units for total gross proceeds of $2,013,860. The Offering was completed in two tranches, with the second tranche issuing 2,177,875 units of the Company (each, a "Unit"), at a price of $0.16 per Unit, for gross proceeds of $348,460. Each Unit consists of one common share in the capital of the Company (each, a "Common Share") and one Common Share purchase warrant ("Warrant"). Each Warrant is exercisable into one Common Share at a price of $0.22 per Common Share for a period of 24 months from the date of issuance. All securities issued in connection with the Offering will be subject to a four month and one day hold as required under applicable securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended (the "1933 Act") or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and applicable state securities laws. About Cybeats Technologies Corp. Cybeats Technologies Corp. (CSE: CYBT) (OTCQB: CYBCF) is a cybersecurity company providing Software Bill of Material (SBOM) management and software supply chain intelligence technology, helping organizations to manage risk, meet compliance requirements, and secure their software from procurement to development and operation. Our platform gives customers comprehensive visibility and transparency into their software supply chain, enabling them to improve operational efficiency, increase revenue, and align organizations with current and future regulations. Cybeats. Software Made Certain. Website: Contact:Justin Leger, CEOPhone: 1-888-713-SBOM (7266)Email: ir@ Sean Peasgood, Investor RelationsPhone: (905) 667-6761Email: Sean@ Forward-Looking Information Cautionary Statement Except for statements of historic fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-Looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, this news release contains forward-looking information relating to, among other things, the Company's expectations with respect to the use of proceeds and the use of the available funds following completion of the Offering, and the completion of the Offering. Forward-Looking statements are based on the opinions and estimates at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements including, but not limited to delays or uncertainties with regulatory approvals, including that of the CSE. There are uncertainties inherent in forward-looking information, including factors beyond the Company's control. There are no assurances that the commercialization plans for the products described in this news release will come into effect on the terms or time frame described herein. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements. Company filings are available under the Company's SEDAR+ profile at THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES To view the source version of this press release, please visit
