Ynvisible Announces Closing of Second Tranche of Non-Brokered Private Placement
MWN-AI** Summary
Ynvisible Interactive Inc. (TSXV: YNV) has successfully closed the second tranche of its non-brokered private placement, raising a total of $316,900 by issuing 3,169,000 units priced at $0.10 each. Each unit includes one common share and one transferable common share purchase warrant, which can be exercised at a price of $0.14 per share within a three-year period post-closing. This tranche is part of a larger plan to offer up to 20 million units in total. The funds generated will primarily serve working capital and various corporate purposes.
Notably, director Michael Kott participated in this tranche through a related entity, acquiring 850,000 units. This transaction is considered a related party deal under Multilateral Instrument 61-101; however, the company will utilize exemptions from certain approval requirements as the transaction does not exceed 25% of its market capitalization.
The Canadian-based company specializes in low-cost, low-power printed electronic displays, positioning its products for applications in fields such as digital signage, medical diagnostics, and supply chain logistics. Ynvisible's unique focus on sustainable electronics through roll-to-roll printing technology equips it with a competitive edge in the evolving electronics market.
The securities issued in this tranche will be subject to a statutory hold period, expiring on August 1, 2026. Investors should note that these securities are not registered under the U.S. Securities Act and cannot be sold or offered in the U.S. without proper registration or exemptions. The company underscores that forward-looking statements regarding the placement and the use of proceeds carry inherent risks and uncertainties, which may affect actual outcomes.
MWN-AI** Analysis
Ynvisible Interactive Inc. (TSXV: YNV) has recently concluded the second tranche of its non-brokered private placement, raising approximately $316,900 by issuing over 3.1 million units. This strategic financial maneuver is crucial for the company as it aims to bolster its working capital and advance its corporate initiatives, particularly in the burgeoning field of low-cost, ultra-low-power display technology.
Investors should note that the company has introduced transferable purchase warrants at a favorable exercise price of $0.14 per share, representing a potential upside of 40% compared to the current unit price of $0.10. This could incentivize investors to hold their positions while awaiting further developments from Ynvisible. The presence of insider participation, notably by the director Michael Kott, adds another layer of confidence in the future performance and strategic direction of the business.
Despite the positive aspects of this development, caution is recommended due to the inherent risks associated with private placements, especially those involving insider transactions. Although the exemptions applied under MI 61-101 help mitigate some concerns, the potential for fluctuating market conditions and company-specific risks remains significant.
Based on the latest announcements, Ynvisible's focus on sustainable electronics positions it well within the growing IoT and smart objects landscape, which is forecasted to experience substantial growth. Investors should keep an eye on the market reception of Ynvisible’s technology offerings and corporate use of proceeds from this placement, as successful implementation will be key to enhancing shareholder value.
In conclusion, while Ynvisible provides an interesting investment opportunity with its innovative technology and insider backing, prospective investors should balance potential growth against the existing risks and conduct thorough due diligence.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Vancouver, British Columbia--(Newsfile Corp. - March 31, 2026) - Ynvisible Interactive Inc. (TSXV: YNV) (FSE: 1XNA) (the "Company" or "Ynvisible") announces that further to its news releases of March 13 and March 26, 2026, the Company has now closed a second tranche ("Second Tranche") of its non-brokered private placement (the "Private Placement") of up to 20,000,000 units ("Units").
In the Second Tranche, the Company issued 3,169,000 Units at a price of $0.10 per Unit for total gross proceeds of $316,900. Each Unit consists of one common share and one transferable common share purchase warrant (a "Warrant"). Each Warrant will be exercisable into one additional common share at a price of $0.14 per share for a period of three years from the date of closing of the Second Tranche ("Closing").
The securities issued by the Company in this Second Tranche are subject to a statutory hold period which expires on August 1, 2026. Funds raised from the Private Placement will be used for working capital and for general corporate purposes.
Finder's fees in the amount of $1,800.00 were paid incidental to this Second Tranche.
Michael Kott, a director of the Company ("Insider") participated in the Second Tranche of the Private Placement through a wholly owned company, for 850,000 Units. Such participation constitutes a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101") and the Company will rely on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the securities purchased by the Insider, nor the consideration for the securities paid by such Insider, will exceed 25% of the Company's market capitalization.
The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities laws or pursuant to available exemptions therefrom. This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States.
About Ynvisible
Ynvisible is disrupting the low-cost and ultra-low-power display industry thanks to the latest advantages in sustainable electronics and roll-to-roll printing production. Ynvisible's printed e-paper displays are ideal for low-power and cost-sensitive applications, such as digital signage, smart monitoring labels for supply chain and logistics, visual indicators for medical and diagnostics, or retail labels and signage. Ynvisible has experience, know-how, and intellectual property in electrochromic materials, inks, and systems, and offers a mix of services, technology and products to brand owners developing smart objects and IoT products. Additional information on Ynvisible is available at www.ynvisible.com.
ON BEHALF OF THE BOARD OF DIRECTORS
Ramin Heydarpour
CEO and Executive Chairman
Ynvisible Interactive Inc.
For further information, please contact:
Investor Relations
+1 778-683-4324
ir@ynvisible.com
Public Relations
pr@ynvisible.com
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain statements that may be deemed "forward-looking" statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although Ynvisible Interactive Inc. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements.
Forward-looking statements in this news release include, but are not limited to, statements with respect to the expectations of management regarding the proposed Private Placement, the use of proceeds of the Private Placement, closing conditions for the Private Placement, the expiry of hold periods for securities distributed pursuant to the Private Placement, and final TSX-V acceptance of the Private Placement. There can be no assurance that such statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include: the Company not being able to complete the Private Placement on terms favourable to the Company or at all; that the TSX-V may not accept the Private Placement; that the proceeds of the Private Placement may not be used as stated in this news release; the availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, and other risks detailed herein and from time to time in the filings made by the Company with securities regulators, including those described in the Company's most recently filed Management's Discussion and Analysis.
Forward-looking statements are based on the beliefs, estimates and opinions of the management of Ynvisible Interactive Inc. on the date the statements are made. Except as required by law, Ynvisible Interactive Inc. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
// NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES //
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290764
FAQ**
How does Ynvisible Interactive Inc - Class A YNVYF plan to utilize the funds raised from the recent private placement to enhance its competitive position in the low-power display market in Vancouver, British Columbia?
What impact does the involvement of Insider Michael Kott in the Second Tranche of the Private Placement have on investor confidence and market perception of Ynvisible Interactive Inc - Class A YNVYF?
With the growing demand for sustainable electronics, how is Ynvisible Interactive Inc - Class A YNVYF positioning itself within Vancouver's tech ecosystem to drive innovation in eco-friendly display technologies?
What challenges does Ynvisible Interactive Inc - Class A YNVYF anticipate in meeting the expectations outlined in their forward-looking statements, particularly regarding the successful execution of the Private Placement?
**MWN-AI FAQ is based on asking OpenAI questions about Ynvisible Interactive Inc - Class A (OTC: YNVYF).
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