Cypher Metaverse Inc. Launches $500,000 Private Placement

Cypher Metaverse Inc. has announced a non-brokered private placement aimed at raising $500,000. The offering is set at $0.33 per unit, each unit including one common share and a warrant. The warrant is exercisable over two years at a price of $0.45, with a potential acceleration clause if shares trade at or above $0.65 for ten trading days.

The proceeds from this private placement will contribute to general corporate expenses and support the completion of Cypher's acquisition of Noninvasix Inc. The issued securities will adhere to a holding period of four months and one day from the closing date.

This private placement signifies a crucial step for Cypher as it seeks to strengthen its position and fulfill strategic developments.