Latest news with #CarbeezaInc
Yahoo
a day ago
- Automotive
- Yahoo
Carbeeza Announces Settlement Agreement
CALGARY, AB / / June 13, 2025 / Carbeeza Inc. ("Carbeeza" or the "Company") (TSXV:AUTO)(OTCQB:CRBAF) announces that, further to its news release of June 21, 2024, the Company has entered into a settlement and release agreement (the "Settlement") with Northern Micro Inc. and IDX Systems Corp. (the "Claimants"), in connection with a Statement of Claim filed by the Claimants for unpaid professional services. The claim relates to a licensing and service agreement, sublease, and sales agreement previously entered into between the Company and the Claimants. In consideration for the mutual full and final release of claims, the Company agreed to pay the Claimants $1,700,000, inclusive of applicable taxes, payable in monthly installments commencing from the date of the Settlement and continuing through to September 2027. The Company may, at its discretion, make additional payments in advance without penalty. Upon full payment of the settlement amount, the parties shall file a discontinuance of claim in Alberta. Carbeeza Inc. Carbeeza is a Canadian-based software company whose platform is targeted to the automotive marketplace. It is the first application to harness the power of Artificial Intelligence to accurately predict the best financing scenario for consumers, all while keeping the consumer anonymous. Using state-of-the-art technology, Carbeeza brings the process of buying a car right to the phone, tailor-made for the consumer. Carbeeza is highly beneficial to both consumers and auto dealers. ON BEHALF OF THE BOARD OF DIRECTORS OF CARBEEZA INC. Mark Tommasi, Chief Executive Officer Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. For further information please contact: Mark Tommasi, Interim Chief Executive OfficerEmail: Investorrelations@ 604 318 1448Website: SOURCE: Carbeeza Inc. View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Automotive
- Yahoo
Carbeeza Announces Settlement Agreement
CALGARY, AB / / June 13, 2025 / Carbeeza Inc. ("Carbeeza" or the "Company") (TSXV:AUTO)(OTCQB:CRBAF) announces that, further to its news release of June 21, 2024, the Company has entered into a settlement and release agreement (the "Settlement") with Northern Micro Inc. and IDX Systems Corp. (the "Claimants"), in connection with a Statement of Claim filed by the Claimants for unpaid professional services. The claim relates to a licensing and service agreement, sublease, and sales agreement previously entered into between the Company and the Claimants. In consideration for the mutual full and final release of claims, the Company agreed to pay the Claimants $1,700,000, inclusive of applicable taxes, payable in monthly installments commencing from the date of the Settlement and continuing through to September 2027. The Company may, at its discretion, make additional payments in advance without penalty. Upon full payment of the settlement amount, the parties shall file a discontinuance of claim in Alberta. Carbeeza Inc. Carbeeza is a Canadian-based software company whose platform is targeted to the automotive marketplace. It is the first application to harness the power of Artificial Intelligence to accurately predict the best financing scenario for consumers, all while keeping the consumer anonymous. Using state-of-the-art technology, Carbeeza brings the process of buying a car right to the phone, tailor-made for the consumer. Carbeeza is highly beneficial to both consumers and auto dealers. ON BEHALF OF THE BOARD OF DIRECTORS OF CARBEEZA INC. Mark Tommasi, Chief Executive Officer Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. For further information please contact: Mark Tommasi, Interim Chief Executive OfficerEmail: Investorrelations@ 604 318 1448Website: SOURCE: Carbeeza Inc. View the original press release on ACCESS Newswire
Associated Press
08-03-2025
- Automotive
- Associated Press
Carbeeza Announces Appointment Of New Director
CALGARY, AB / ACCESS Newswire / March 7, 2025 / Carbeeza Inc. ('Carbeeza' or the 'Company') (TSXV:AUTO)(OTCQB:CRBAF) is pleased to announce the appointment of Mr. Tim Maddigan to the board of directors of the Company, to take effect immediately. Mr. Maddigan brings extensive financial services industry experience working with several Canadian investment firm's, including Marleau Lemire Securities, Research Capital Corp., Blackmount Capital, and Jordan Capital. Throughout his career, Mr. Maddigan has been instrumental in financing numerous small cap public companies in the technology and mining industries. After a 20-year career he has began working on raising equity for private companies to take them public. Mr. Maddigan is graduate of University of British Columbia with a major in Economics. Carbeeza Inc. Carbeeza is a Canadian-based software company whose platform is targeted to the automotive marketplace. It is the first application to harness the power of Artificial Intelligence to accurately predict the best financing scenario for consumers, all while keeping the consumer anonymous. Using state-of-the-art technology, Carbeeza brings the process of buying a car right to the phone, tailor-made for the consumer. Carbeeza is highly beneficial to both consumers and auto dealers. ON BEHALF OF THE BOARD OF DIRECTORS OF CARBEEZA INC. For further information please contact:
Associated Press
05-03-2025
- Automotive
- Associated Press
Carbeeza Inc. Announces Closing of $2.5 Million Private Placement
CALGARY, AB / ACCESS Newswire / March 5, 2025 / Carbeeza Inc. ('Carbeeza' or the 'Company') (TSXV:AUTO)(OTCQB:CRBAF) is pleased to announce that it has closed its previously announced non-brokered private placement. The Company issued a total of 25,000,000 units (each, a 'Unit') at a price of $0.05 per Unit for gross proceeds of $1,250,000 (the 'Offering'). Each Unit consists of one common share of the Company and one common share purchase warrant (each whole warrant, a 'Warrant'). Each Warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $0.15 for a period of 24 months from issuance. All securities issued in connection with the Offering are subject to a statutory hold period of four months and one day. The Company intends to use the proceeds of the Offering for working capital and general corporate purposes. No finders fees were paid in connection with the sale of the Units. The Offering is subject to final acceptance by the TSX Venture Exchange. Insiders of the Company subscribed for 12% of the Offering. Participation by insiders of the Company in the Offering constitutes a related-party transaction as defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ('MI 61-101"). The issuance of securities is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 on the basis that the fair market value of the insiders' participation in the Offering, as determined in accordance with MI 61-101, shall not exceed 25% of the Company's market capitalization. Carbeeza Inc. Carbeeza is a Canadian-based software company whose platform is targeted to the automotive marketplace. It is the first application to harness the power of Artificial Intelligence to accurately predict the best financing scenario for consumers, all while keeping the consumer anonymous. Using state-of-the-art technology, Carbeeza brings the process of buying a car right to the phone, tailor-made for the consumer. Carbeeza is highly beneficial to both consumers and auto dealers. ON BEHALF OF THE BOARD OF DIRECTORS OF CARBEEZA INC. Sandro Torrieri, Chief Executive Officer Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. For further information please contact: Sandro Torrieri, Chief Executive Officer Telephone: 1-855-216-8802 Notice Regarding Forward-Looking Information: This news release contains forward-looking statements including but not limited to statements regarding the Company's business, assets or investments, as well other statements that are not historical facts. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, investor interest in the business and prospects of the Company. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made, by third parties in respect of the matters discussed above.
