XPEL Technologies Corp. announced that it expects to receive CAD 3 million in funding
January 22, 2017
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XPEL Technologies Corp. (OTCPK:XPLT) announced non-brokered private placement up to 2,097,903 of its common shares at a price of CAD 1.43 per share for gross proceeds of up to CAD 3,000,001 on January 23, 2017. The closing of the transaction is expected to occur on or about January 31, 2017, and is subject to certain conditions, including the receipt of all necessary regulatory approvals, as well as the approval of the TSX Venture Exchange. The securities issued will have a four-month hold period. The transaction may involve participation from certain officers, directors and employees of the company. The company will issue the securities pursuant to exemption provided under Regulation D.
XPEL, Inc. is a provider of protective films and coatings, including automotive paint protection film, surface protection film, automotive and architectural window films, and ceramic coatings. The Company also provides installation services for its products through multiple channels. Paint protection film, its flagship product, is a self-adhesive, clear film designed to be applied to painted surfaces of automobiles and other surfaces. It sells several lines of automotive window films, primarily under the XPEL PRIME brand name. It sells architectural glass solutions for commercial and residential buildings under the VISION brand name, representing its product set with a fully non-automotive use. Its architectural window films come in several categories, including solar, safety and security, and other. It sells a hydrophobic, self-cleaning coating that can be applied to a variety of surface types for automobiles, aircraft and marine applications. It offers a Design Access Platform.
XPEL, INC. 
