Posted by ProfitableStocksOnly > 3 weeks ago | Report Abuse

Recently released report by Atrium Research about Visionstate:

https://mcusercontent.com/4bc421505c66d079778a0d0be/files/2d9a28dd-ea57-7bd7-4b72-528511750c90/20240814_Atrium_VIS_Company_Spotlight.01.pdf

Posted by ProfitableStocksOnly > 3 weeks ago | Report Abuse

goof ball spammer

Posted by ProfitableStocksOnly > 2 weeks ago | Report Abuse

Visionstate closes second tranche of private placement

2024-08-26 14:26 ET - News Release

Mr. John Putters reports

VISIONSTATE CORP. ANNOUNCES CLOSING OF FULLY SUBSCRIBED FINANCING

Visionstate Corp. has closed its previously announced non-brokered private placement of $500,000. The company closed proceeds of $310,000, subsequent to closing approximately $190,000 announced by the company on July 2, 2024.

Pending final acceptance from the TSX Venture Exchange on the offering, the company will issue 25 million units of the company at a price of two cents per unit for gross proceeds of $500,000 as previously announced on June 19, 2024. Each unit comprised one common share of Visionstate and one common share purchase warrant, whereby each warrant entitles the holder to purchase one additional common share at a price of five cents per common share for a period of two years following the date of closing.

If the closing price of the common shares is equal to or exceeds seven cents per common share for greater than 20 consecutive trading days, then the warrant term shall automatically accelerate to a date that is 30 calendar days following the date a press release is issued by the company announcing the reduced warrant terms, without further notification made by the company.

Visionstate has closed on the initial tranche of subscriptions of 9,515,000 units at a price of two cents per unit for gross proceeds of $190,300, which includes 2,425,000 units issued to certain insiders of Visionstate.

The issuance of units to insiders pursuant to the offering will constitute a related party transaction as defined under Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions (MI 61-101). The offering will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101. In particular, Visionstate has determined that the exemptions set out in paragraphs (a) and (b) in Section 5.5 of MI 61-101 are applicable since the aggregate consideration to be paid by the related parties will not exceed 25 per cent of the market capitalization of Visionstate and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange. In addition, regarding the minority shareholder approval exemptions, the independent directors have determined that the exemptions set out in paragraphs (1)(a) and (b) in Section 5.7 of MI 61-101 are applicable in that the aggregate consideration to be paid by the related parties will not exceed 25 per cent of the market capitalization of Visionstate, the distribution of the securities to the related parties will have a fair market value of not more than $2.5-million and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange.

The net proceeds from the sale of units will be primarily allocated toward the development and commercialization of new products designed to enhance the company's IoT (Internet of Things) solutions and expand its market reach. Visionstate remains committed to delivering IoT technology solutions that drive operational efficiencies and improve customer experiences across various industries.

Pursuant to applicable Canadian securities laws, the common shares and warrants comprising the units are subject to a four-month hold period from the time of closing of the offering.

About Visionstate Corp.

Visionstate is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Visionstate IoT Inc. is a wholly owned subsidiary of Visionstate.

Through Visionstate IoT, Visionstate helps businesses improve operational efficiencies, reduce costs and elevate customer satisfaction with its state-of-the-art devices that track and monitor guest activities and requests. The footprint of its WANDA smart device now extends to hospitals, airports, shopping centres and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate will continue to innovate, reduce environmental impact and transform consumer experiences.

We seek Safe Harbor.

Posted by ProfitableStocksOnly > 2 weeks ago | Report Abuse

Edmonton, Alberta – TheNewswire - August 29, 2024 – Visionstate Corp. (TSXV: VIS) (“Visionstate” or the “Company”), a leading provider of Internet of Things (IoT) solutions, today announced a non-brokered private placement of up to $600,000. The financing will consist of one unit at $0.025 (two and a half cents) per unit (“Unit”) which is comprised of one (1) common share {“Share”} and one (1) whole warrant (“Warrant”) which is exercisable at $0.05 (five cents) per Warrant to receive one (1) Share for a term of 5 years after closing, subject to an acceleration clause as noted below.

The price per Unit is based on the previous closing price of the Company's Shares on the TSXV on Wednesday, August 28, 2024. The Company intends to issue up to 24 million Shares and correspondingly up to 24 million Warrants for this Unit financing round which is subject to TSXV and regulatory approval, and customary closing conditions.

In the event of acceleration, the expiry date of the Warrant will be accelerated to a date that is thirty (30) days after the date that written notice has been given to the Warrant holder or the date that Visionstate has issued a press release announcing the exercise of the acceleration right; and thereafter, no further notification will be provided nor required by Visionstate to the subscribers of the Units. The securities issued under this placement are subject to a four-month plus one day hold period from the date of closing.

“As Visionstate continues to grow and innovate, we remain committed to prudent financial management,” said Company CEO John Putters. “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,” he added.

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. This includes participating in the ISSA 2024 “Beyond Clean” conference in Las Vegas in November 2024. Visionstate Corp. remains committed to delivering cutting-edge technology solutions that drive operational efficiencies and improve customer experiences across various industries.

The issuance of Units to insiders pursuant to the Placement will constitute a “related party transaction” as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Placement will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101. In particular, Visionstate has determined that the exemptions set out in paragraphs (a) and (b) in section 5.5 of MI 61-101 are applicable since the aggregate consideration to be paid by the related parties will not exceed 25% of the market capitalization of Visionstate and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange. In addition, regarding the minority shareholder approval exemptions, the independent directors have determined that the exemptions set out in paragraphs (1)(a) and (b) in section 5.7 of MI 61-101 are applicable in that the aggregate consideration to be paid by the related parties will not exceed 25% of the market capitalization of Visionstate, the distribution of the securities to the related parties will have a fair market value of not more than $2,500,000 and Visionstate is not listed on the Toronto Stock Exchange, but only on the TSX Venture Exchange.

About Visionstate Corp.

Visionstate Corp. (TSXV: VIS) is a growth-oriented company that invests in the research and development of promising new technology in the realm of the Internet of Things, big data and analytics, and sustainability. Visionstate IoT Inc. is a wholly owned division of Visionstate Corp. Through Visionstate IoT Inc., it helps businesses improve operational efficiencies, reduce costs, and elevate customer satisfaction with its devices that track and monitor guest activities and sanitation requests. The footprint of its WANDA™ smart device now extends to hospitals, airports, shopping centres, and other public facilities across and beyond North America. Through building up a collection of synergistic technologies, Visionstate Corp. will continue to innovate, reduce environmental impact and transform consumer experiences.

Issued on behalf of the Board of Directors,

“John A. Putters”

Visionstate Corp.

To learn more, please contact:

Visionstate IoT Inc.
John Putters, CEO
Email: jputters@visionstate.com
Tel: 780-425-9460

CHF Capital Markets
Kathy Chapman
Email: kc@chfir.com
Tel: 416-868-1079 x 234

Posted by ProfitableStocksOnly > 2 weeks ago | Report Abuse

Heavy insider buying this week for Visionstate: https://m.canadianinsider.com/node/7?menu_tickersearch=VIS+%7C+Visionstate

Posted by ProfitableStocksOnly > 1 week ago | Report Abuse

New Release just out, Q3 update - https://www.stockwatch.com/News/Item/Z-C!VIS-3595867/C/VIS

Posted by ProfitableStocksOnly > 1 week ago | Report Abuse

Visionstate Corp has now reached a multi year high with recent news, at least on the TSX Venture. Not sure why the OTC ticker has not responded, and Frankfurt ticker has not corresponded to the proper price either. Below is a link to the technical charts, showing almost a perfect buy signal, along with all the tickers.

https://www.barchart.com/stocks/quotes/VIS.VN/opinion

Canada - VIS.V
USA - VSSSF.OTC
Germany - 1VS1