FendX Technologies Inc.: Successful Closing of Private Placement Raising $710,005
On March 13, 2025, FendX Technologies Inc. (CSE: FNDX) (OTCQB: FDXTF) (FSE: E8D) (the “Company” or “FendX”) announced the successful closing of its non-brokered private placement (the “Offering”). The Offering was fully subscribed for, with the Company issuing 4,176,500 units (each, a “Unit”) at a price of $0.17 per Unit, resulting in gross aggregate proceeds of $710,005.
Details of the Private Placement
Each Unit consists of one common share (each, a “Share”) in the capital of the Company and one transferable share purchase warrant (each, a “Warrant”). The Warrants will allow the holders to purchase an additional Share for a period of 5 years at an exercise price of $0.25.
Impact on FendX Technologies
This private placement will provide FendX with the necessary funds to further advance its nanotechnology research and development efforts. The Company’s surface protection coatings have shown promising results in various industries, including automotive, construction, and healthcare. With the additional capital, FendX can accelerate its product development, conduct larger-scale testing, and potentially bring its coatings to market faster.
Global Implications
The success of FendX’s private placement indicates strong investor confidence in the potential of nanotechnology and surface protection coatings. This trend is expected to continue as companies in various industries seek innovative solutions to enhance their products and services. The global nanotechnology market is projected to reach $1.05 trillion by 2025, growing at a CAGR of 16.1% between 2020 and 2025.
Additional Information
- FendX Technologies is a nanotechnology company specializing in surface protection coatings.
- The Offering was fully subscribed for, raising $710,005.
- Each Unit consists of one Share and one Warrant.
- The Warrants allow the holders to purchase an additional Share at an exercise price of $0.25.
- The funds from the private placement will be used to advance the Company’s R&D efforts.
- The global nanotechnology market is projected to reach $1.05 trillion by 2025.
Conclusion
FendX Technologies’ successful closing of its private placement represents a significant step forward for the Company in its mission to develop innovative surface protection coatings using nanotechnology. With strong investor support, FendX can accelerate its R&D efforts and potentially bring its coatings to market faster. The global nanotechnology market is expected to continue growing, making this an exciting time for companies in the industry. Stay tuned for more updates on FendX Technologies’ progress.
