Carbeeza Inc. to Extend Private Placement Offering

Introduction

CALGARY, Alberta, Sept. 13, 2024 (GLOBE NEWSWIRE) — Carbeeza Inc. (“Carbeeza” or the “Company”) (TSXV:AUTO) (OTCQB: CRBAF). The TSX Venture Exchange (the “Exchange”) has approved an extension until October 11, 2024 to close the non-brokered private placement (the “Private Placement”), announced on July 30, 2024, of up to 30,000,000 units of the Company (“Units”) at a price of $0.10 per Unit for gross proceeds of up to $3,000,000 (the “Offering”). The net proceeds of the Offering will be used by the Company to scale up its marketing campaign, to scale up the Company’s move into the United States and for general corporate purposes.

Expansion of Marketing Campaign

Carbeeza Inc.’s decision to extend the Private Placement Offering signals a strategic move by the Company to further enhance its marketing efforts. With the additional funding, Carbeeza aims to increase brand awareness, engage with a wider audience, and ultimately drive sales growth. By scaling up its marketing campaign, the Company is set to strengthen its market position and visibility in the automotive industry.

Expansion into the United States

The extension of the Private Placement Offering will also support Carbeeza’s expansion into the United States. By utilizing the proceeds from the Offering, the Company plans to accelerate its entry into the U.S. market, tapping into new opportunities and reaching a broader customer base. This strategic move reflects Carbeeza’s commitment to growth and its ambition to establish a strong presence in key international markets.

Impact on Investors

As an investor, the extension of Carbeeza Inc.’s Private Placement Offering presents an opportunity to potentially participate in the Company’s growth trajectory. With the planned utilization of funds for marketing expansion and international expansion, investors may benefit from an increased market value and potential returns on their investment. It is important for investors to closely monitor the developments surrounding the Offering and assess the impact on their investment strategy.

Global Implications

Carbeeza Inc.’s decision to extend its Private Placement Offering can have broader implications on the automotive industry and the global economy. By scaling up its marketing campaign and expanding into the United States, the Company is poised to introduce innovative products and services to a wider audience, driving competition and advancement within the sector. This growth trajectory may contribute to job creation, economic development, and technological innovation, impacting various stakeholders across the world.

Conclusion

In conclusion, Carbeeza Inc.’s extension of the Private Placement Offering signifies a strategic move towards enhancing marketing efforts and expanding international presence. Investors should closely monitor the developments surrounding the Offering for potential investment opportunities. The Company’s growth trajectory has the potential to influence the automotive industry and global economy, driving innovation and competition in the market.