Shelfie-Tech Announces Private Placement

Impact · against what's priced in

Shelfie-Tech is raising CAD$2.1 million through a private placement to finalize the acquisition of Aspect Information Systems. While the acquisition progresses, the issuance of ~1.18 million new shares creates immediate dilution for existing shareholders.

SHLF−0.10

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In context

The company is raising CAD$2,100,000 to fund the Aspect Information Systems acquisition, but the issuance of 1,179,775 common shares at CAD$1.78 per share introduces immediate shareholder dilution.

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• canada▲17%
• m and a
• SHLF
• acquisition
• capital raise
• cse
• private placement
• working capital

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