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BIG DEAL: FRECKLE I.O.T Closes First Tranche of up to $6.5M Offering

Mar 29, 2019

Logo - Freckle IOTFreckle I.O.T Ltd. (“Freckle”), a global leader in multi-touch offline advertising attribution used by Fortune 500 brands like McDonald’s, Lexus, Walmart, General Motors, Verizon, and AT&T, announces the closing of a first tranche private placement offering of subscription receipts and units for gross proceeds of $4,554,000 (the “Offering”). The Offering was led by GMP Securities L.P.  and PI Financial Corp.  (the “Co-Lead Agents”) and included Canaccord Genuity Corp. and Haywood Securities Inc. The Offering is being completed in connection with the proposed reverse take-over between Freckle and Knol previously announced on January 16, 2019 and March 27, 2019.

Minden Gross LLP acted for Freckle with a team lead by Andrew Elbaz (Partner, Securities & Capital Markets), Alexandra (Sasha) Toten (Associate, Securities & Capital Markets), and Alex Katznelson (Associate, Securities & Capital Markets).

Photo: Andrew Elbaz - Lawyer, Securities and Capital MarketsImage: Alexandra (Sasha) L. Toten - Business LawImage: Alexander Katznelson, Business Law Lawyer