RDARS Announces up to $3.5 Million Private Placement Offering of Subscription Receipts
Retrieved on:
Thursday, September 23, 2021
Aircraft, The Company, Person, Price (surname), Commission, Aviation, Certification, Warrant, News, Price, Exercise, Income tax, Exchange, Indian stock exchange, Federal Aviation Administration v. Cooper, Awareness, Escrow, List, Sale, The Exchange, Unit, Offering, Company, SEDAR, FOR, Forward-looking statement, Projection, NOT, Intention, Prospectus, Date, COVID-19, Federal Aviation Administration, Simultaneous release, NORTH, Mail, Security (finance), Bank, Risk management
The net proceeds of the Offering will be used to expand the Company's existing operations, for business development and general working capital purposes.
Key Points:
- The net proceeds of the Offering will be used to expand the Company's existing operations, for business development and general working capital purposes.
- Upon the occurrence of the Termination Time, the Subscription Receipts will only represent the holder's right to receive payment of such amount from the Subscription Receipt Agent.
- The date on which the last of the decision document and/or receipts is issued for the Prospectus is hereby referred to as the "Clearance Date".
- RDARS is focused on the development and sale of its proprietary autonomous drone technology solution for the residential and small commercial security space.