SPYR, Inc. announced that it expects to receive $14 million in funding from Ares Capital, Inc
September 20, 2021
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SPYR, Inc. announced that it has entered into a common stock purchase agreement for gross proceeds of $14,000,000 on September 20, 2021. The par value of shares is $0.0001 per share. The transaction will include participation from returning investor Ares Capital, Inc.
SPYR, Inc. (SPYR) is a diversified technology company focused on the Internet of Things (IoT). The Company, through its subsidiary, GeoTraq Inc., develops and manufactures fully self-contained, ultra-small Mobile mobile IoT modules, namely Tracker-M modules for asset tracking and location-based services, and Sensor-M modules used for remote monitoring. Its subsidiary under the GeoTraq label, offers the ultra-small tracker that allows customers to deploy tracking and monitoring devices within the IoT. The Company continues to identify and target acquisitions that shall grow its footprint in the industry and expand the products it offers consumers, including companies developing artificial intelligence (AI) and smart technology products.
SPYR, INC. 