ARCpoint Inc. announced a non-brokered private placement of up to 16,000,000 subordinated voting common shares at a price of $0.10 per share for the gross proceeds of $1,600,000 on January 2, 2024. The company anticipates that certain directors, officers and insiders of the company will purchase shares in an aggregate amount of up to $450,000 under the offering, The offering is subject to all necessary regulatory approvals including acceptance from the TSX Venture Exchange. All securities issued in connection with the offering will be subject to a four-month hold period from the closing date under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.