Tiny Closes Previously Announced Private Placement with Letterboxd Founders
Retrieved on:
Friday, October 6, 2023
Tiny Ltd. (“Tiny” or the “Company”) (TSXV: TINY), a Canadian technology holding company, today closed the previously announced private placement whereby the founders of Letterboxd subscribed for a total of 1,430,346 Class A common shares (“Common Shares”) of Tiny at a price of CAD$3.40 per Common Share for gross proceeds to Tiny of CAD$4,863,176 (the “Private Placement”).
Key Points:
- Tiny Ltd. (“Tiny” or the “Company”) (TSXV: TINY), a Canadian technology holding company, today closed the previously announced private placement whereby the founders of Letterboxd subscribed for a total of 1,430,346 Class A common shares (“Common Shares”) of Tiny at a price of CAD$3.40 per Common Share for gross proceeds to Tiny of CAD$4,863,176 (the “Private Placement”).
- The proceeds of the Private Placement are expected to be used for working capital and general corporate purposes.
- No finder’s fees or commissions will be paid in connection with the Private Placement.
- For additional details, please see the Company’s press release of September 29, 2023, Tiny Announces Majority Acquisition of Letterboxd .