On December 15, 2023, Inspire Semiconductor Holdings Inc., closed the transaction. The Company issued 2,050,119 SV Units for gross proceeds of CAD 205,011.90 and 71,268 PV Units for gross proceeds of CAD 712,680 for the total gross proceeds of CAD 917,691.90. All securities issued pursuant to the closing of the Financing are subject to resale restrictions pursuant to applicable securities law requirements until 4 months and one day from their date of issuance, in this case until April 16, 2024. Each of the SV Warrants and PV Warrants issued have an expiry date of three years from December 15, 2023, being December 15, 2026. Each whole PV Warrant is exercisable for one PV Share at a price per share of CAD 15.00. Each whole SV Warrant is exercisable for one SV Share at a price per share of CAD 0.15.
On December 21, 2023, the company announced that the TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 19 placees and one insider for CAD 670,000.