Shiny Health & Wellness Closes First Tranche of Non-Brokered Private Placement Financing
TORONTO – Shiny Health & Wellness Corp. (“Shiny Health” or the “Company”) (TSXV: SNYB), is pleased to announce the closing of the first tranche of its previously announced non-brokered private placement (the “Offering”) for gross proceeds of approximately $475,000 from the sale of 1,357,143 units of the Company (each, a “Unit”) at a price of $0.35 per Unit (the “Issue Price”). Each Unit consists of one common share of the Company (each a “Unit Share”) and one common share purchase warrant (a “Warrant”). Each Warrant (including Warrants comprising Units issued pursuant to the closing of any subsequent tranche of the Offering) will entitle the holder to purchase one common share of the Company (each, a “Warrant Share”) at a price of $0.60 at any time on or before August 1, 2025 and is subject to an acceleration clause. All securities issued and issuable in connection with the first tranche closing of the Offering are subject to a statutory hold period expiring on December 2, 2...