Perk Labs Inc. Extends Private Placement Offerings

Perk Labs Inc., a Vancouver-based company, announced an extension of its private placements for Units and Convertible Debentures. This decision comes as a response to the Easter weekend, aiming to provide investors with additional time to participate. So far, approximately $900,000 has been raised through these offerings. The Units are available at $0.01 each, comprising a common share and a purchase warrant. The warrants allow for buying an extra share at $0.05 for 24 months post-closing.

Additionally, the Convertible Debentures are presented with a 15% interest rate over a 2-year term, convertible into common shares at $0.05 each. This offering is set to close by April 8th, 2024, with a possible finder's fee associated. Perk Labs is also exploring debt settlement agreements with certain creditors, aiming to settle up to $250,000 in professional services debt.

This strategic move aligns with Perk Labs' focus on enhancing mobile ordering and payment systems, furthering its reach and operational capabilities. The extension reflects the company’s adaptive approach to market conditions and investment facilitation.