Shelfie-Tech Ltd. (CSE: SHLF) (OTCQB: SHLFF) announced its intention to close a non-brokered private placement on or around June 17, 2026, consisting of up to 4,615,385 common shares priced at C$1.78 per share for gross proceeds of up to approximately C$8.2 million. The company said proceeds from the financing are expected to support sales and marketing initiatives, expansion of its client base, research and development activities and general working capital purposes.
The private placement involves a related-party transaction under MI 61-101 due to anticipated participation by an entity sharing a common director with the company, but Shelfie-Tech noted it is relying on available exemptions from formal valuation and minority shareholder approval requirements. This fundraising effort comes as the company seeks to scale its technology solutions for the retail industry, particularly large grocery stores and supermarkets.
Shelfie-Tech is a technology company focused on providing shelf inventory management technological solutions for the retail industry. Using patent-pending technology, the company’s solution includes a robotic retail shelf monitoring system that uses its self-developed proprietary software utilizing machine learning and image processing algorithms to automatically optimize shelf inventory management. The additional capital could accelerate the deployment of these systems and help the company capture a larger share of the retail technology market.
Investors interested in the latest news and updates relating to SHLFF can access the company’s newsroom at https://ibn.fm/SHLFF. For more details on the private placement, the full press release is available at https://ibn.fm/hFnqU.
