ShelfieTech closes $1.7M private placement at $1.44 per share

ShelfieTech Ltd. (CSE:SHLF)(OTCQB: SHLFF) completed a non-brokered private placement raising gross proceeds of $1,699,185, the company announced. The offering involved issuing 1,179,990 common shares at $1.44 per share.

The company paid finders' fees totaling $135,934 to eligible finders in accordance with applicable securities laws and Canadian Securities Exchange policies. The shares issued are subject to a four-month hold period under Canadian securities laws.

ShelfieTech stated the proceeds will be used for research and development, potential acquisitions, and working capital. The Vancouver-based company had previously announced the private placement on November 6, 2025.

ShelfieTech develops shelf inventory management technology for the retail industry, focusing on grocery stores and supermarkets. The company's system uses robotic monitoring technology with proprietary software that employs machine learning and image processing algorithms for inventory management.

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