Urbanimmersive Partners with US Investment Firm to Potentially Raise $11M

Urbanimmersive Inc., a technology firm providing 3D virtual tour solutions for real estate marketing, has recently announced its partnership with Joseph Gunnar & Co, LLC, a US-based investment bank. The collaboration is strategically set to explore capital market advisory and raise up to 11 million US dollars in equity financing. This financial maneuver is directed towards enhancing the company's visibility in the market, increasing the liquidity of its stocks, extending its capital outreach in the United States as well as on a global scale, and potentially maximizing shareholder value.

Financing Details and Objectives

The proposed equity financing potentially reaching $11 million is currently under review, with various alternatives being considered. This move may include up to 1 million US dollars of convertible short-term bridge financing. The exact terms will be contingent on prevalent market conditions. If successful, the net proceeds from this financial initiative will be channeled towards general working capital, company growth, marketing efforts, and repayment of specific debts.

Regulatory Compliance and Forward-Looking Statements

While Urbanimmersive is optimistic about this venture, there is no absolute certainty that the initiatives will meet their intended goals. All proceedings are subject to regulatory compliance, including possible approvals by the Securities and Exchange Commission and the TSX-V. Simon Bédard, the CFO of Urbanimmersive, voiced that the current steps taken stem from the acknowledgement of their latest product, the 3D Video Fusion, and the advantages gained from their recent technological developments.

Investors are cautioned that forward-looking statements carry risks and uncertainties, and actual results could materially differ from those projected. It is also noted that the TSX Venture Exchange assumes no responsibility concerning the validity or accuracy of the release.

About Urbanimmersive: Urbanimmersive specializes in innovative real estate photography technologies and services that aim to set a new standard of visual content in the industry.

Urbanimmersive, financing, technology