Spectra7 Microsystems Inc

OTCQB:SPVNFUnited StatesView on Canadian Exchange

May 6, 2024

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• Update: Spectra7 Microsystems Raising Up to C$10.2 Million in First Tranche of Private Placement, from 12:18PM ET on Monday May 06, 2024 by MT Newswires

  12:18PM ET on Monday May 06, 2024 by MT Newswires
  Companies Mentioned: SEV
  12:18 PM EDT, 05/06/2024 (MT Newswires) -- Spectra7 Microsystems (SEV.V) said Monday it is raising up to $10.2 million in the first tranche of a private placement, with closing expected about May 8. The analog semiconductor company said it may comp...

• Spectra7 Microsystems Raising Up to $10 Million in First Tranche of Private Placement, from 9:23AM ET on Monday May 06, 2024 by MT Newswires

  9:23AM ET on Monday May 06, 2024 by MT Newswires
  Companies Mentioned: SEV
  09:23 AM EDT, 05/06/2024 (MT Newswires) -- Spectra7 Microsystems (SEV.V) said Monday that it is raising up to $10 million in the first tranche of a private placement, with closing expected about May 8. The analog semiconductor company said it may c...

• *DJ Spectra7 Microsystems in Private Placement, Amending Existing Debentures to Permit Forced Conversion, from 8:04AM ET on Monday May 06, 2024 by Dow Jones

  8:04AM ET on Monday May 06, 2024 by Dow Jones
  Companies Mentioned: SEV

• Spectra7 Microsystems Inc. Announces Private Placement and Amendments to Existing Debentures to Permit Forced Conversion, from 8:00AM ET on Monday May 06, 2024 by CNW Group

  8:00AM ET on Monday May 06, 2024 by CNW Group
  Companies Mentioned: SPVNF

  COMTEX_451957235/2669/2024-05-06T08:00:46

• Spectra7 Microsystems Inc. Announces Private Placement and Amendments to Existing Debentures to Permit Forced Conversion, from 8:00AM ET on Monday May 06, 2024 by Dow Jones

  8:00AM ET on Monday May 06, 2024 by Dow Jones
  Companies Mentioned: SEV
  
  Certain statements contained in this press release constitute "forward-looking statements" or "forward-looking information" (collectively, "forward-looking statements") under applicable securities laws in the United States and Canada. All statements other than statements of historical fact contained in this press release, including, without limitation, any statements preceded by, followed by or that include the words "believe", "expect", "aim", "intend", "plan", "continue", "will", "may", "would", "anticipate", "estimate", "forecast", "predict", "project", "seek", "should" or similar expressions or the negative thereof, are forward-looking statements. Forward looking statements in this press release include, but are not limited to, statements with respect to the size, terms, participants and timing of the Private Placement, the ability of the Company to complete the Private Placement on the terms described herein or at all, the ability of the Company to raise up to $24 million, the ability of the Company to obtain the necessary regulatory and stock exchange approvals for the Private Placement, the use of proceeds for the Private Placement, the ability of the Company to complete the Proposed Debenture Amendments on the terms described herein or at all and to obtain the necessary regulatory, stock exchange, and debentureholder approvals for such Proposed Debenture Amendments, and the Company's ability to support hyperscaler customer needs. These statements are not historical facts but instead represent only the Company's expectations, estimates and projections regarding future events. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict, including, but not limited to, the risk that the Company is unable to complete the Private Placement on the terms or timing described herein or at all, the Company not being able to obtain the necessary regulatory or stock exchange approvals for the Private Placement, the proceeds of the Private Placement being insufficient for the Company's needs, or being used in a manner other than as disclosed herein. Therefore, actual results may differ materially from what is expressed, implied or forecasted in such forward-looking statements. Additional factors that could cause actual results, performance or achievements to differ materially include, but are not limited to, the risk factors discussed in the Company's management's discussion and analysis for the year ended December 31, 2023. Management provides forward-looking statements because it believes they provide useful information to investors when considering their investment objectives and cautions investors not to place undue reliance on forward-looking information. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, the Company. These forward-looking statements are made as of the date of this press release and the Company assumes no obligation to update or revise them to reflect subsequent information, events or circumstances or otherwise, except as required by law.