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GMEX Robotics Launches $2 Million Private Investment; Shares Rise Pre-Bell

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GMEX Robotics (GMEX) said Tuesday it has signed a securities purchase agreement for a private investment in public equity financing for gross proceeds of $2 million.

Shares of the company rose more than 23% pre-bell.

Under the terms of the agreement, GMEX will issue around 1.9 million shares and about 3.7 million warrants to buy the same number of ordinary shares, initially exercisable at about $1.07 per share.

Proceeds from the offering will be used to support ongoing operations, advance strategic growth initiatives, acquisitions, as well as for general corporate purposes.

Price: $1.11, Change: $+0.22, Percent Change: +23.48%

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