Cypher Metaverse Announces Private Placement of Up to $5 Million

Bitget2026/10/22 21:30

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Cypher Metaverse announced a non-brokered private placement of up to 10,000,000 subscription receipts at $0.50 each, targeting $5 million.
The offering is a condition of the planned business combination with Noninvasix and Cypher Subco.
Each subscription receipt automatically converts into one resulting issuer unit upon satisfaction or waiver of escrow release conditions by November 30, 2026.
Each unit comprises one common share and one warrant exercisable for an additional share at $0.75 for 24 months.
Escrowed proceeds will fund working capital and general corporate purposes for Noninvasix and the resulting issuer, net of transaction fees and expenses.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cypher Metaverse Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202610221730ACCESSWRNAPR_____1240160) on October 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Cypher Metaverse Announces Private Placement of Up to $5 Million

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