SpotLite360 IOT Solutions, Inc. announced a non-brokered private placement of up to 5,000,000 units at a price of CAD 0.10 per unit for gross proceeds of up to CAD 500,000 on January 13, 2023. Each unit consists of one common share and one warrant. Each whole warrant will entitle the holder to purchase one common share at an exercise price of CAD 0.12 per share at any time within 2 years after closing.

The transaction is expected to close on or around January 19, 2023.