TORONTO and NEW YORK, Oct. 24, 2023 (GLOBE NEWSWIRE) -- QuantGate Systems Inc. (OTCQB: QGSI) (the "QuantGate" or "Company"), a leading innovator in Artificial Intelligence ("AI"), Machine Learning ("ML") and SaaS-based Fintech solutions, is pleased to announce its upcoming financing of up to USD $2 Million, to continue to support the company's ongoing strategic growth and development initiatives.
The capital raise is being offered in the form of Units to the investors. Each unit in the financing round will consist of one common share priced at $0.15 per share, as well as a full warrant. The warrant will have an exercise price of $0.20 and will be valid for a period of three years, providing investors with the opportunity to participate in the future success of QuantGate.
QuantGate Systems is committed to leveraging cutting-edge technology to deliver advanced SaaS solutions and seamless API integration for traders worldwide. The capital raised through this offering will accelerate product development, expand market presence, and enhance the company's AI and ML capabilities.
"We are excited to embark on this strategic capital raise, which will enable us to innovate further and enhance our AI-driven trading solutions," said Allan Bezanson, CEO of QuantGate Systems. "As we continue to witness the evolution of the fintech landscape, this capital infusion will strengthen our position as an industry leader, allowing us to further develop and serve our expanding user base with cutting-edge solutions."
About QuantGate Systems Inc.:
QuantGate Systems Inc. (OTCQB: QGSI) is a publicly-traded fintech company that harnesses the power of Artificial Intelligence (AI), Machine Learning (ML), and proprietary big-data processing AI engines to deliver advanced SaaS solutions and seamless API integration. With its range of products, including Pilot Trading, QuantGate empowers traders globally with a comprehensive suite of real-time insights with cutting-edge SaaS solutions, enabling them to navigate the market with unparalleled confidence.
For additional information, visit QuantGate Systems and Pilot Trading or follow them on Twitter (X), Facebook, LinkedIn, Discord and Instagram.
Forward-Looking Statements Disclaimer and Reader Advisory:
All statements included in this press release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur in the future are forward-looking statements. These statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections, and other forward-looking statements will prove inaccurate, certain of which are beyond the Company's control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not undertake to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated events. QuantGate Systems Inc. does not undertake any obligation to update forward-looking statements and cautions investors to consider all other risks and uncertainties, including those disclosed in QuantGate filings with the United States Securities and Exchange Commission.
