MONTREAL, July 08, 2024 (GLOBE NEWSWIRE) -- Hapbee Technologies, Inc. (TSXV:HAPB) (OTCQB:HAPBF) (FSE: HA1) ("Hapbee" or the "Company"), the Canadian-based wearable, wellness technology company and creator of the Hapbee neckband and sleep pad is pleased to announce the closing of the Company's non-brokered private placement of units of the Company ("Units") at a price of $0.12 per Unit for total gross proceeds of $2,700,000 CAD (the "Offering"). "We would like to thank all of our new and existing shareholders for the overwhelming support received during this recent financing," said Yona Shtern, CEO of Hapbee. "With an additional $2.7 million in growth capital now in our treasury, we are in a position to accelerate our growth by expanding distribution channels, design and manufacturing of new form factors and increasing marketing resources while increasing our brand visibility. Our goal remains to provide as many customers as possible with the Hapbee product as we believe people deserve to be in greater control of how they feel." Each Unit consists of one subordinated voting share in the capital of the Company (each, a "Share") and one half subordinated voting share purchase warrant (each, a "Warrant"), with each Warrant entitling the holder thereof to acquire one Share for a period of two years from the closing of the Offering at an exercise price of $0.24 per Share. The net proceeds received by the Company from the Offering will be used for product development, business development, working capital and general corporate purposes. The expiry ...