Nextgen Food Robotics Corp announced a non-brokered private placement of up to 3,225,806 units at CAD 0.31 per unit for gross proceeds of up to CAD 999,999.86 on June 1, 2023. Each unit consists of one share and one-half warrant. Each warrant entitles the holder to purchase one share of the company at a price of CAD 0.40 per share for one year.

All securities issued in connection with the transaction will be subject to a four-month and one-day statutory hold period in accordance with applicable securities laws. In connection with the Offering, the company may pay finders a cash commission and/or issue such Finders non-transferable common share purchase warrants, in accordance with NEO Exchange Inc. policies.