Scope Technologies Upsizes its Private Placement to $1.8 Million

Scope Technologies Corp., a technology company headquartered in Vancouver, British Columbia, specializing in quantum security and artificial intelligence, announces that further to its news release dated December 23, 2024 announcing a non-brokered private placement (the ‘Offering’), the company will upsize the Offering from 750,000 Units (‘Units’) to 1,285,714 Units at a price of $1.40 per Unit for gross proceeds of up to $1,800,000.

Each Unit will continue to consist of one common share of the Company and one common share purchase warrant (each, a ‘Warrant’). Each Warrant will entitle the holder to acquire one additional common share at an exercise price of $1.80 for a period of two years upon issuance.

The Company does not anticipate paying any finder’s fees in connection with the Offering. The Company intends to use the aggregate net proceeds of the Offering to grow its team, with a focus on hiring additional sales and client staff, as well as for general working capital purposes.