Hydreight Technologies Inc. (TSXV: NURS)
("
Hydreight" or the "
Company"), a
North American, fully integrated, mobile clinical network of
nurses, doctors, and pharmacy distribution, is pleased to announce
that it has received commitments of over $4 million for its
brokered private placement previously announced on February 10,
2025 (the "
Offering"). The Offering remains
subject to approval from the TSX Venture Exchange.
Shane Madden, the Chief Executive Officer of the
Company, said "we have closed the order books after a successful
marketing period. We look forward to welcoming new investors that
support our long-term objectives."
The Offering is being conducted by Beacon
Securities Limited (the "Agent") and will consist
of up to 2,581,000 units of the Company (each, a
"Unit") at a price of $1.55 per Unit (the
"Offering Price") for aggregate gross proceeds of
up to $4,000,550. Each Unit will consist of one common share in the
capital of the Company and one common share purchase warrant (each,
a "Warrant") of the Company. Each Warrant will
entitle the holder thereof to acquire one common share of the
Company (each, a "Warrant Share") at a price of
$2.00 per Warrant Share for a period of 36 months from the Closing
Date (as defined herein). The Units will be issued under the listed
issuer financing exemption pursuant to Part 5A of National
Instrument 45-106 - Prospectus Exemptions.
In addition, the Company has granted the Agent
an option to arrange for the purchase and sale of up to an
additional 3,710,000 Units at the Offering Price, exercisable in
whole or in part, by the Agent giving notice to the Company at any
time until 48 hours prior to the closing of the Offering.
There is an offering document (the
"Offering Document") related to the Offering that
can be accessed under the Company's profile
at www.sedarplus.ca and on the Company's website
at www.hydreight.com. Prospective investors should read the
Offering Document before making an investment decision.
The Offering is expected to close on or about
February 26, 2025 (the "Closing Date"), or such
other date as may be determined by the Company the Agent and is
subject to the Company receiving all necessary regulatory
approvals, including the approval of the TSX Venture Exchange.
The securities referred to herein have not been,
and will not be, registered under the United States Securities Act
of 1933 (the "U.S. Securities Act"), or any U.S.
state securities laws, and may not be offered or sold in the United
States or to, or for the account or benefit of, any U.S. persons or
any persons within the United States absent registration or
available exemptions from the registration requirements of the U.S.
Securities Act and applicable U.S. state securities laws. This news
release shall not constitute an offer to sell or the solicitation
of an offer to buy securities in the United States, nor shall there
be any sale of these securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful. 'United States' and
'U.S. person' are as defined in Regulation S under the U.S.
Securities Act.
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
For more details on the financing, please visit:
SEDAR+: www.sedarplus.ca Hydreight's
Website: www.hydreight.com
Shane MaddenDirector and Chief Executive
OfficerHydreight Technologies Inc.
Hydreight Technologies Inc Ranked Number 56
Fastest-Growing Company in North America on the 2024 Deloitte
Technology Fast 500™
ContactEmail: ir@hydreight.com;
Telephone: 1 (702) 970-8112
About Hydreight Technologies
Inc.Hydreight Technologies Inc is building one of the
largest mobile clinic networks in the United States. Its
proprietary, fully integrated platform hosts a network of over 2500
nurses, over 100 doctors and a pharmacy network across 50 states.
The platform includes a built-in, easy-to-use suite of fully
integrated tools for accounting, documentation, sales, inventory,
booking, and managing patient data, which enables licensed
healthcare professionals to provide services directly to patients
at home, office or hotel. Hydreight is bridging the gap between
provider compliance and patient convenience, empowering nurses, med
spa technicians, and other licensed healthcare professionals. The
Hydreight platform allows healthcare professionals to deliver
services independently, on their own terms, or to add mobile
services to existing location-based operations. Hydreight has a
503B pharmacy network servicing all 50 states and is closely
affiliated with a U.S. certified e-script and telemedicine provider
network.
About VSDHOne - Direct to Consumer
PlatformDeveloped in partnership with Victory Square
Technologies (CSE: VST) (OTC: VSQTF) (FWB: 6F6), Hydreight launched
the VSDHOne (Read as VSDH-One) platform. VSDHOne simplifies the
entry challenges for companies and medi-spa businesses to enter the
online healthcare space compliantly. This platform will help all
businesses to launch a direct-to-consumer healthcare brand in a
matter of days in all 50 states. Compliant offerings include:
GLP-1s (semaglutide, tirzepatide), peptides, personalized
healthcare treatments, sermorelin, testosterone replacement therapy
(TRT), hair loss, skincare, sexual health and more. Hydreight
invested in technology, legal and infrastructure to launch this
platform. The VSDHOne platform offers a complete, end-to-end
solution for businesses looking to launch direct-to-consumer
healthcare brands. From compliance and telemedicine technology to
nationwide doctor and pharmacy networks, VSDHOne provides all the
tools needed for a seamless entry into the online healthcare space.
The platform is designed to significantly reduce the time and costs
associated with launching such services, making it possible for
businesses to go live in days instead of months.
Cautionary Note Regarding
Forward-Looking InformationCertain statements made and
information contained in this news release, including statements
regarding the terms, amounts, timing, closing and use of proceeds
raised under the Offering and receipt of all required approvals
relating to the Offering, is "forward-looking information" within
the meaning of applicable Canadian securities legislation. All
statements, other than statements of historical facts, are
forward-looking statements. Generally, forward-looking statements
can be identified by the use of terminology such as "plans",
"expects", "estimates", "intends", "anticipates", "believes" or
variations of such words, or statements that certain actions,
events or results "may", "could", "would", "might", "will be
taken", "occur" or "be achieved". Forward-looking statements,
including but not limited to the timing of the closing of the
Offering and the intended use of net proceeds raised from the
Offering, are subject to a variety of risks and uncertainties which
could cause actual events or results to differ from those reflected
in the forward-looking statements, including, without limitation,
with respect to the Offering and the issuance of the Units,
including the amounts expected to be raised, the timeline of
certain events in respect thereof, including the applicable
exemptions, satisfaction of closing conditions, the receipt of TSX
Venture Exchange approvals in respect of the Offering, sufficiency
of proceeds, conditions of financial markets, economic conditions
including any governmental regulations with respect thereto
including tariffs, protective governmental regulations, consumer
responses to such actions and other related effects, management's
discretion with respect to the use of proceeds and the use of the
available funds following completion of the Offering, including the
timing and cost of planned corporate projects and developments and
the use of funds in connection therewith, and the other risk
factors described in our securities filings available at
www.sedarplus.ca. Forward-looking statements or forward-looking
information relate to future events and future performance and
include statements regarding the expectations and beliefs of
management based on information currently available to the
Company.
Although the Company believes that the
assumptions and factors used in preparing these forward- looking
statements are reasonable based upon the information currently
available to management as of the date hereof, actual results and
developments may differ materially from those contemplated by these
statements and no assurance can be given that such events will
occur in the disclosed times frames or at all. Readers are
cautioned that the foregoing list of factors is not exhaustive.
Readers are therefore cautioned not to place undue reliance on
forward-looking statements and forward-looking information. Any
forward-looking statement speaks only as of the date of this news
release and, except as may be required by applicable securities
laws, the Company disclaims any intent or obligation to update any
forward-looking information, whether as a result of new
information, changing circumstances, or otherwise.
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