PowerBand Announces Closing of the Second Tranche of Private Placement

PowerBand Solutions Inc. (TSXV:PBX)(OTC Pink:PWWBF)(Frankfurt:1ZVA), a fintech company specializing in automotive trading and financing technology, has announced the completion of the second tranche of its non-brokered private placement. The company issued 77,133,330 common shares at a price of CAD$0.015 per share, raising gross proceeds of CAD$1,157,000.

The total proceeds from this tranche, combined with CAD$1,040,000 from the first tranche closed on April 26, 2024, will fund growth initiatives and general corporate purposes, including lease origination. All securities issued are subject to statutory hold periods.