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Rocket Doctor AI upsizes LIFE non-brokered private placement
Summary
Rocket Doctor AI announced it has increased its Listed Issuer Financing Exemption non-brokered private placement to a maximum of $4.5 million, with units priced at $0.70 each. The company filed an amended and restated offering document, which it says is available on SEDAR+ and its website.
Content
Rocket Doctor AI announced an increase to the size of its non-brokered private placement under the Listed Issuer Financing Exemption. The company said the offering was upsized to a maximum of $4.5 million and that each Unit will be issued at $0.70. An amended and restated offering document was filed and is reported as available on SEDAR+ and on the company website. The press release also states the securities are not registered for sale in the United States and will not be offered there.
Key details:
- The offering was upsized to a maximum of $4.5 million in gross proceeds.
- Each Unit is to be issued at $0.70 per Unit.
- An amended and restated offering document was filed and is reported as available on SEDAR+ and the company website.
- The press release states the securities have not been and will not be registered under the U.S. Securities Act and are not being offered for sale in the United States.
- The article mentions the company describes its Global Library of Medicine, says it has supported over 300 MDs and more than 700,000 patient visits, and positions itself as a developer of physician-built AI healthcare tools.
Summary:
The upsized offering increases the maximum stated gross proceeds and the company has filed an amended offering document to reflect that change. The press release includes standard cautionary language about forward-looking statements and notes U.S. registration limitations; closing details or a timetable for the offering were not provided. Undetermined at this time.
