Venzee Technologies Inc , the artificial intelligence platform for product data, announced amendments to the terms of a non-brokered private placement of unsecured convertible debentures (“Debentures”) previously announced on June 23, 2022.
The amendment states that conversion within the first year can occur at $0.05 per unit (a “Unit”), but for the second and third year it must be the greater of $0.10 or Market Price (as defined in TSXV policy). All other terms remain the same.
Venzee is the leading artificial intelligence platform for product data used by global brands to speed time to market and create competitive supply chain advantages. Venzee’s intelligent platform automates inefficient last-mile retail processes with a frictionless, machine-driven solution for sending and receiving product data.
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Venzee believes intelligent supply chain functionality is inevitable and will significantly benefit growers, makers, brands, sellers, regulators, and consumers. Venzee is building the foundation for a future where seamless, accurate, automated data flow simplifies processes, removes friction, and creates value for all those that rely on the myriad of data and information surrounding any product, anywhere.
Venzee unlocks shareholder value by carrying out its mission to create intelligent technology that removes friction from the global supply chain. Its Mesh Connector™ product disrupts and displaces inefficient manual processes in favor of integrated, machine-driven solutions.