Wisr AI closes oversubscribed C$657K private placement
What's the deal? Vancouver-based Wisr AI Systems has closed an oversubscribed non-brokered private placement, raising gross proceeds of C$657,300. The company, listed on the Canadian Securities Exchange, priced the offering at C$0.05 per unit.
What does the company do? Wisr AI builds agentic AI platforms that predict, prioritise, and monitor cyber and third-party risk. Its tools help enterprises interpret real-time global signals to manage vendor ecosystems and supply chains.
The details: Wisr AI issued 13,146,000 units, each comprising one common share and one-half of a share purchase warrant. Each whole warrant lets holders buy an additional share at C$0.075 within 18 months of closing, subject to acceleration in limited cases.
Who got paid? The company paid C$29,700 in cash commissions to arm's-length finders — 6% of proceeds from purchasers they introduced. It also issued 594,000 finder's warrants exercisable at C$0.05 over 18 months. All securities carry a four-month-and-one-day statutory hold period under Canadian rules.
What's the endgame? Wisr AI plans to use the net proceeds to advance commercialisation of its risk intelligence platform, fund customer acquisition, and cover general working capital.
The signal: The small raise reflects continued investor appetite for agentic AI applied to cybersecurity and supply chain risk, even at the micro-cap end of the market.
Read more: wallstreet:online
