Shelfie-Tech Ltd. (CSE: SHLF) (OTCQB: SHLFF), a technology company providing shelf inventory management solutions for the retail industry, announced its intention to close its previously announced non-brokered private placement on or around October 9, 2026. The offering is now expected to consist of up to 1,179,775 common shares priced at C$1.78 per share, for gross proceeds of up to approximately C$2.1 million. The company said it plans to use the proceeds to complete its acquisition of Aspect Information Systems Ltd. and for general working capital and corporate purposes. The news matters because the financing provides the capital needed to execute a key acquisition that could expand Shelfie-Tech’s technology and market position in the retail inventory management sector.
Shelfie-Tech focuses on providing shelf inventory management technological solutions for the retail industry, particularly for large grocery stores and supermarkets. Using patent-pending technology, the company’s solution includes a robotic retail shelf monitoring system that uses self-developed proprietary software with machine learning and image processing algorithms to automatically optimize shelf inventory management. The private placement is a critical step for the company as it seeks to integrate Aspect Information Systems and scale its operations.
The announcement was disseminated on behalf of Shelfie-Tech Ltd. and may include paid advertising. Additional details on the company are available via Shelfie-Tech Ltd. (CSE: SHLF) (OTCQB: SHLFF). The full press release can be viewed at https://ibn.fm/670T6, and the latest news and updates relating to SHLFF are available at https://ibn.fm/SHLFF.
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