Wytec (WYTC) Secures $100 Million Investment Commitment from GEM as Company Nears NASDAQ Listing
SAN ANTONIO, TX, Oct. 04, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Wytec International (“Wytec”), a fully reporting non-listed company and leading developer and integrator of patented IOT solutions, announced today that it has secured a $100 million investment commitment from Luxembourg based Global Emerging Markets (“GEM”). With certainty of the investment upon listing, Wytec is well positioned to advance and deliver on the company’s mission of deploying network based public safety solutions.
- SAN ANTONIO, TX, Oct. 04, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire - Wytec International (“Wytec”), a fully reporting non-listed company and leading developer and integrator of patented IOT solutions, announced today that it has secured a $100 million investment commitment from Luxembourg based Global Emerging Markets (“GEM”).
- With certainty of the investment upon listing, Wytec is well positioned to advance and deliver on the company’s mission of deploying network based public safety solutions.
- The GEM funding facility will strengthen the current development of the Company’s AI/Blockchain upgrades to its patented small cell technology.
- GEM’s commitment, through its Share Subscription Facility (SSF), will provide Wytec up to $100 Million over a 3-year period post listing.