Shelfie-Tech Announces $2 Million Private Placement to Fund Retail Technology Expansion

Shelfie-Tech Ltd. (CSE: SHLF) (OTCQB: SHLFF) has announced plans to raise up to USD $2 million through a non-brokered private placement, offering up to 2,000,000 common shares at USD $1.00 per share. This capital raise represents a significant step for the technology company as it seeks to expand its innovative retail inventory management solutions in the competitive grocery and supermarket sector.

The private placement structure includes provisions for finders' fees of up to 8% payable to eligible finders in accordance with CSE policies, with closing subject to customary regulatory approvals. All securities issued through this offering will be subject to a standard four-month-plus-one-day hold period under applicable securities laws, providing typical investor protections while allowing the company to access necessary capital.

Proceeds from the financing will be allocated toward multiple corporate objectives, including research and development initiatives, potential acquisitions, working capital requirements, and general corporate purposes. This diversified allocation strategy suggests Shelfie-Tech is positioning itself for both organic growth and strategic expansion opportunities in the retail technology space.

Shelfie-Tech specializes in developing technological solutions for shelf inventory management, particularly targeting large grocery stores and supermarkets. The company's approach leverages patent-pending technology that includes a robotic retail shelf monitoring system. This system utilizes proprietary software incorporating machine learning and image processing algorithms to automatically optimize shelf inventory management processes.

The timing of this capital raise is notable given the increasing pressure on retailers to improve inventory accuracy and reduce out-of-stock situations. Traditional inventory management methods often struggle with real-time accuracy, leading to lost sales and operational inefficiencies. Shelfie-Tech's automated approach addresses these challenges by providing continuous, accurate shelf-level data that can help retailers optimize product placement and inventory levels.

For more detailed information about the private placement, investors can review the full press release available at https://ibn.fm/iB9Lf. Additional company information is accessible through their corporate website at https://shelfietech.com/.

The retail technology sector has seen increased investor interest as brick-and-mortar retailers seek digital transformation solutions to compete with e-commerce competitors. Shelfie-Tech's focus on grocery and supermarket segments positions it in a market segment that has proven relatively resilient during economic uncertainty while facing intense margin pressures that make operational efficiency improvements particularly valuable.

This financing round comes at a time when automation technologies are gaining traction across the retail industry, with companies increasingly looking to reduce labor costs while improving accuracy and customer experience. The success of this private placement could indicate investor confidence in the potential for automated inventory management solutions to address persistent challenges in retail operations.