Nepra Foods closes additional tranches of private placement
Nepra Foods Inc. (CSE:NPRA)(FSE:2P6)(OTCQB: NPRFF) announced the completion of the second and third tranches of its non-brokered private placement offering.
The second tranche closed September 2, 2025, consisting of 1,277,667 units at $0.06 per unit for gross proceeds of approximately $76,660. The third tranche closed September 10, 2025, with 2,439,024 units at $0.06 per unit for gross proceeds of approximately $146,341.
Each unit includes one common share and one share purchase warrant. The warrants allow holders to purchase additional shares at $0.12 per warrant share until September 2, 2027.
The company stated proceeds will be used for general working capital purposes. The securities are subject to a four-month hold period under Canadian securities laws and are classified as restricted securities under U.S. Securities Act Rule 144(a)(3).
Nepra Foods operates as a specialty food company focused on allergen and gluten-free food ingredient technologies, providing formulations and technical support to food manufacturers.
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