(NYSE:AXE) CALGARY, Alberta, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Acceleware® Ltd. (“Acceleware” or the “Company”) (TSX-V: AXE), a leading innovator of cutting-edge radio frequency (“RF”) power-to-heat technologies targeting process heat for critical minerals, amine regeneration (for carbon capture and other applications), and enhanced oil production, announces that the Company closed the second tranche of the non-brokered private placement of units (the “Units”) further to press releases dated June 30, 2025, July 31, 2025, August 12, 2025 and August 29, 2025 (the “Private Placement”) and distributed a total of 2,090,000 Units under the second tranche of the Private Placement, at a price of $0.10 per Unit, for total gross proceeds of $209,000. In aggregate, the Company has received total gross proceeds of $1,000,334.20 under both the first and second tranches of the Private Placement and distributed a total of 10,003,342 Units.
Related Questions
How will the additional $209,000 raise and total $1M financing dilute existing shareholders and affect the current share price?
What specific projects or operational milestones will the proceeds be allocated to, and what is the expected timeline for ROI?
How does this non‑brokered private placement compare to recent financing activity of peer companies in the RF power‑to‑heat and critical minerals space?