April 30, 2026, Vancouver, British Columbia – Cypher Metaverse Inc. (CSE: CODE) (“Cypher” or the “Company”) is pleased to announce that it has closed its previously announced private placement (“Private Placement”). The Company accepted subscriptions totaling 861,815 units at a price of $0.33 per unit, for gross proceeds of $284,399.
Each unit consists of one common share and one common share warrant. Each warrant entitles the holder to subscribe for one additional common share for a period of 2 years from the date of closing, at an exercise price of $0.45, subject to the Corporation's option to accelerate the expiry date if the stock trades for 10 consecutive trading days at $0.65 per common share.
The Common Shares and Warrants comprising the Units are subject to a four-month and one day hold period in accordance with the policies of the Canadian Securities Exchange and applicable securities legislation.
Proceeds will be used for general corporate purposes as the Company works to complete its previously announced acquisition of Noninvasix Inc.
The Company paid finder’s fees to qualified finders of $19,847.82 and issued 60,145 broker warrants. The broker warrants are exercisable for 2 years and have an exercise price of $0.45, subject to the Corporation's option to accelerate the expiry date if the stock trades for 10 consecutive trading days at $0.65 per common share.
Forward-looking information disclaimer and any required cautions can appear at the bottom of the release, or be linked to a central disclosure page.