Shelfie-Tech Ltd. Announces $2 Million Private Placement for Retail Technology Expansion

Shelfie-Tech Ltd. (CSE: SHLF) (OTCQB: SHLFF) has announced a non-brokered private placement offering of up to 2,000,000 common shares at USD $1.00 per share, targeting gross proceeds of up to USD $2,000,000. The company will pay finders' fees of up to 8% to eligible finders in accordance with CSE policies, with all proceeds designated for corporate purposes, research and development activities, strategic acquisitions, and working capital requirements. This financing initiative represents a significant step in the company's growth strategy as it seeks to expand its technological capabilities in the competitive retail technology sector.

The private placement closing remains subject to customary regulatory approvals, including acceptance from the Canadian Securities Exchange. All securities issued through this offering will be subject to a standard four-month-plus-one-day hold period under applicable securities laws, ensuring regulatory compliance while providing the company with necessary capital infusion. This funding approach allows Shelfie-Tech to maintain flexibility in its capital structure while pursuing strategic objectives in the rapidly evolving retail technology landscape.

Shelfie-Tech specializes in providing advanced shelf inventory management technological solutions specifically designed for the retail industry, with particular focus on large grocery stores and supermarket chains. The company's innovative approach leverages patent-pending technology that includes a robotic retail shelf monitoring system. This system utilizes proprietary software developed in-house, incorporating sophisticated machine learning and image processing algorithms to automatically optimize shelf inventory management processes. The technological solution addresses critical pain points in retail operations, including out-of-stock situations, misplaced items, and inventory inaccuracies that can significantly impact sales and customer satisfaction.

The company's comprehensive technological platform represents a significant advancement in retail automation, offering retailers real-time visibility into shelf conditions and inventory levels. By automating the traditionally labor-intensive process of shelf monitoring, Shelfie-Tech's solution enables retailers to improve operational efficiency, reduce labor costs, and enhance the overall shopping experience for consumers. The integration of machine learning capabilities allows the system to continuously improve its performance through data analysis and pattern recognition, providing increasingly accurate inventory management over time.

For additional information about the company and its technological offerings, interested parties can visit https://shelfietech.com/. The private placement announcement underscores the company's commitment to advancing its technological capabilities and expanding its market presence in the competitive retail technology sector, where efficient inventory management has become increasingly crucial for retailers seeking to maintain competitive advantage in an evolving marketplace.