Cutting Edge Technology Provider Sees Success Following Announcement

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Thursday, August 29, 2024

This company invests in the research and development of promising new technology, helping businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its devices that track and monitor guest activities and sanitation requests.  And news of a non-brokered private placement is sending shares higher in Thursday morning trading. 

Visionstate Corp. (TSXV: VIS), a leading provider of Internet of Things (IoT) solutions, announced in a press release today a non-brokered private placement of up to $600,000. The firm’s WANDA™ smart device, which helps management facilitate better communication and improves real-time oversight, now extends to hospitals, airports, shopping centers, and other public facilities across and beyond North America.  

Proceeds from the placement will be primarily allocated towards the development and commercialization of new products designed to enhance the company's IoT solutions and expand its market reach.  

Company CEO John Putters stated, “As Visionstate continues to grow and innovate, we remain committed to prudent financial management. Our recent capital raise represents a strategic milestone, positioning us for success as we continue to develop our technology and market it worldwide. Our recent financing round not only strengthens our financial position but also accommodates shareholders who were unable to participate in the fully subscribed previous round. We’re committed to inclusivity and appreciate the continued support from our investor community.”

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