Cypher Metaverse Announces Private Placement of Up to $5 Million
Bitget2026/10/22 21:30- Cypher Metaverse announced a non-brokered private placement of up to 10,000,000 subscription receipts at $0.50 each, targeting $5 million.
- The offering is a condition of the planned business combination with Noninvasix and Cypher Subco.
- Each subscription receipt automatically converts into one resulting issuer unit upon satisfaction or waiver of escrow release conditions by November 30, 2026.
- Each unit comprises one common share and one warrant exercisable for an additional share at $0.75 for 24 months.
- Escrowed proceeds will fund working capital and general corporate purposes for Noninvasix and the resulting issuer, net of transaction fees and expenses.
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