Shelfie-Tech Ltd. Announces $2 Million Private Placement to Advance Retail Inventory Technology

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 financing arrangement includes provisions for finders' fees of up to 8% payable to eligible finders in accordance with Canadian Securities Exchange policies. All securities issued through this placement will be subject to a standard four-month-plus-one-day hold period under applicable securities laws, with closing contingent upon receiving customary regulatory approvals.

The company has designated the proceeds for multiple strategic purposes including corporate operations, research and development initiatives, potential acquisitions, and general working capital requirements. This capital infusion comes at a critical time for Shelfie-Tech as it continues developing its innovative retail technology solutions. The company specializes in shelf inventory management systems designed specifically for large grocery stores and supermarkets, addressing a significant pain point in the retail industry.

Shelfie-Tech's technological approach centers around a robotic retail shelf monitoring system that incorporates patent-pending technology. The system leverages proprietary software utilizing machine learning and image processing algorithms to automatically optimize shelf inventory management. This technology addresses the substantial challenges retailers face in maintaining proper stock levels, reducing out-of-stock situations, and improving overall inventory accuracy. For more information about the company's technology platform, visit https://shelfietech.com/.

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This financing initiative represents a strategic move for Shelfie-Tech to strengthen its position in the rapidly evolving retail technology market. The retail industry continues to face increasing pressure to optimize inventory management processes, reduce operational costs, and enhance customer shopping experiences. Automated shelf monitoring solutions like those developed by Shelfie-Tech offer potential significant cost savings for retailers by minimizing labor requirements, reducing inventory discrepancies, and preventing lost sales due to out-of-stock situations.

The successful completion of this private placement could accelerate Shelfie-Tech's technology development timeline and expand its market reach within the competitive retail technology sector. As retailers increasingly adopt automation and artificial intelligence solutions to improve operational efficiency, companies developing specialized inventory management systems stand to benefit from growing market demand. The funding will enable Shelfie-Tech to potentially pursue strategic acquisitions that could complement its existing technology portfolio and expand its service offerings to the retail industry.