BuildDirect.com Technologies Inc. announced that it has received CAD 2 million in funding from Pelecanus Investments Ltd., Lyra Growth Partners Inc., Beedie Capital
January 02, 2023
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On January 3, 2023, BuildDirect.com Technologies Inc. closed the transaction. The company announced that it has issued 1,121,622 common shares at a price of CAD 0.37 per common share for total gross proceeds of CAD 415,000 in its second tranche and final tranche. The shares issued pursuant to the second tranche are subject to a statutory hold period of approximately four months ending on May 4, 2023 in accordance with applicable securities law.
The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement. The transaction included participation from three placees including agggregate existing insider involvement of three insiders for 5,405,407 shares.
BuildDirect.com Technologies Inc. is a Canada-based company, which is a marketplace for purchasing and selling building materials online. The Companyâs platform connects homeowners and home improvement professionals in North America with suppliers and sellers of building materials from around the world, including flooring, tile, decking and more. The Company operates through two segments: BuildDirect.com and Independent Retailers. BuildDirect.com segment operates in United States, Canada and other. Independent Retailers segment includes Charter Distributing Company (FloorSource), and Superb Floor Covering, LLC (Superb). FloorSource provides carpeting, carpet padding, hardwood, vinyl, laminate, and flooring supplies to customers such as contractors, project management companies and retailers. Superb is a seller and installer of carpet, laminate, luxury vinyl, custom area rugs, and specialty flooring options.
BuildDirect.com Technologies Inc. announced that it has received CAD 2 million in funding from Pelecanus Investments Ltd., Lyra Growth Partners Inc., Beedie Capital