YPB Group (ASX:YPB) has completed a $2M placement, consisting of two stages of fully-paid ordinary shares, at an issue price of $0.00444 per share.
The placement also includes 450,450,449 free attaching options, and 86,334,459 options to be issued to EverBlu Corporate Capital, subject to shareholder approval.
The funds will be used to pay NVISO under the Artificial Intelligence (AI) licence agreement, develop applications, reduce debt, and for marketing, business development, and working capital.
YPB Group is an authentication and consumer engagement solutions creator, targeting markets with billions of items and significant growth opportunities.