Latest news with #RDT
Yahoo
27-05-2025
- Business
- Yahoo
Rapid Dose Announces Proposed Equity Private Placement Financing
Burlington, Ontario--(Newsfile Corp. - May 27, 2025) - Rapid Dose Therapeutics Corp. (CSE: DOSE) ("RDT" or the "Company") today announced that it plans to complete an equity private placement financing (the "Financing") for up to $3,000,000 of gross proceeds, consisting of up to 13,636,364 units (the "Units") at a price of $0.22 per Unit. Each Unit will consist of one (1) common share of the Company (a "Common Share") and one (1) common share purchase warrant of the Company (a "Warrant"). Each Warrant will be exercisable to acquire one (1) Common Share at a price of $0.34 per Common Share for a term of two (2) years from the date of issuance of such Warrant. The Company has entered into an agreement with Meadowbank Asset Management Inc. (the "Agent") in respect of the Financing. The Agent shall be paid a cash commission equal to 6% of the aggregate gross proceeds raised pursuant to the Financing from investors introduced to the Company by the Agent. The Company shall also issue such number of non-transferable agent warrants (each, an "Agent Warrant") as is equal to 6% of the number of Units issued to investors in the Financing that were introduced to the Company by the Agent. Each Agent Warrant will be exercisable to acquire one (1) Common Share at a price of $0.34 per Common Share for a term of two (2) years from the date of issuance of such Agent Warrant. The Company intends to use the proceeds from the Financing for research and development, capital expansion and working capital purposes. The Financing may close in one or more tranches. All securities issued on the Financing will be subject to a four-month hold from the applicable date of closing. About Rapid Dose Therapeutics Corp. Rapid Dose Therapeutics is a Canadian biotechnology company revolutionizing drug delivery through innovation. The Company's flagship product QuickStrip™ is a thin, orally dissolvable film, that can be infused with an infinite list of active ingredients, including nutraceuticals, pharmaceuticals and vaccines, that are delivered quickly into the bloodstream, resulting in rapid onset of the active ingredient. For more information about the Company, visit Contacts: RDT Investor Contact:Mark Upsdell, CEOinvestorrelations@ CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: Certain information in this news release may contain forward-looking information within the meaning of applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expect", "potential", "believe", "intend", "will", "could", "are planned to", "are expected to" or the negative of these terms and similar expressions. Statements containing forward-looking information, including, without limitation, in respect of the delivery of equipment and products using the QuickStrip™ product delivery method, the generation of recurring revenues, the plans, estimates, forecasts, projections, expectations or beliefs of RDT management as to future events or results and are believed to be reasonable based on information currently available to RDT management. Forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; termination of WLM agreements; future legislative and regulatory developments involving cannabis; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the cannabis industry in Canada generally, income tax and regulatory matters; the ability to implement its business strategies; competition; currency and interest rate fluctuations and other risks. Readers are cautioned that the foregoing list is not exhaustive. There can be no assurance that statements of forward-looking information, although considered reasonable by RDT management at the time of preparation, will prove to be accurate as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. Actual results and future events could differ materially from those anticipated in such forward-looking statements. Readers should not place undue reliance on forward-looking statements. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company expressly disclaims any obligation to update or alter statements containing any forward-looking information, or the factors or assumptions underlying them, whether as a result of new information, future events or otherwise, except as required by law. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. This press release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities described herein in the United States. The securities described in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. 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Hans India
14-05-2025
- Politics
- Hans India
All party meet held to protect RDT NGO
Vijayawada: All political parties meeting has stressed the need for the protection of the Rural Development Trust, which was formed 56 years ago in Anantapur and has been rendering services to the people of two Telugu states. The Left parties, Congress, NGOs and civil society organizations participated in the meeting held at the Dasari Bhavan here on Tuesday and discussed the service activities of the Rural Development Trust (RDT) and steps to be taken to protect the NGO. The CPI State secretary K Ramakrishna, CPM State secretary K Srinivasa Rao, Congress party leader K Vinay Kumar, Jana Chaitanya Vedika State president V Lakshmana Reddy and others spoke on the occasion. Ramakrishna said Vincent Ferror had formed the RDT in 1969 and since then the NGO has been doing excellent services to all irrespective of caste, religion and region. He said the RDT has been doing services to the people in the field of health, education, scientific awareness, supply of drinking water etc. V Srinivasa Rao has underlined the need to protect the RDT. He said the NGO has been doing excellent service without anticipating any profit. He said it is unfortunate that Central government is implementing strict policies and preventing the aid from other countries to the RDT. TDP leader Y Prabhakar Chowdary, Jana Chaitanya Vedika president V Lakshmana Reddy said the RDT is doing service activities in 3877 villages in Andhra Pradesh and Telangana. Former Minister Vadde Sobhanadreeswara Rao alleged the Central government is showing discrimination against the NGOs run with the aid from other countries. The All parties leaders decided to meet N Chandrababu Naidu to request the latter to save the RDT.
Hans India
11-05-2025
- Health
- Hans India
Ministers discuss humanitarian services with RDT director
Anantapur: Andhra Pradesh Health Minister Satyakumar Yadav and Finance Minister Payyavula Keshav met with RDT (Rural Development Trust) Director Manco Ferrer to discuss the organisation's long-standing humanitarian services in drought-prone areas of the region. During the meeting, Minister Satyakumar recalled that he had previously written a letter to Union Home Minister Amit Shah requesting the renewal of RDT's FCRA (Foreign Contribution Regulation Act) registration. The letter highlighted RDT's apolitical and consistent efforts in improving education, healthcare, sanitation, and housing for the poor and middle-class communities in the drought-hit regions of Andhra Pradesh. Minister Satyakumar urged that the organisation be removed from the 'Prior Approval Category' and that necessary documents for FCRA renewal be promptly sent to the Central Government. He assured Director Ferrer that the State government stands firmly in support of initiatives that contribute to public welfare.
The Hindu
07-05-2025
- Politics
- The Hindu
Renew FCRA licence of RDT in Anantapur, urges CPI A.P. secretary
The CPI State secretary K. Ramakrishna, along with the alumni of Sri Krishnadevaraya University, Krishnaiah, and others, submitted a memorandum to Chief Secretary K. Vijayanand, urging him to take the necessary steps for renewal and restoration of the Foreign Contribution (Regulation) Act (FCRA) license that enables Rural Development Trust (RDT) in Anantapur to continue receiving foreign aid from various countries. In a press release on Wednesday, Mr. Ramakrishna said that the Union Government of India suspended the renewal of RDT's FCRA license, which governs the organisation's ability to receive foreign contributions. If this issue is not resolved urgently, the decades-long humanitarian services of RDT may be disrupted. 'In view of humanitarian and public interest, we urgently appeal to the State government to request the Central government to immediately renew the FCRA license of RDT to ensure the continuity of its invaluable services,' he added.
Hans India
01-05-2025
- Politics
- Hans India
CM promises support for RDT amid FCRA concerns
Amaravathi: MLAs from the erstwhile Anantapur district have urged Chief Minister N. Chandrababu Naidu to take immediate steps to resolve the ongoing Foreign Contribution Regulation Act (FCRA) issue affecting the Rural Development Trust (RDT). The organisation, which has been instrumental in providing healthcare and development services in rural areas of Andhra Pradesh and Telangana, has seen its foreign funding halted due to the cancellation of its FCRA registration by the Central government. MLAs Kalva Srinivasulu, Paritala Sunitha, Bandaru Sravani, Alimineni Surendra Babu, and Daggupati Venkateswara Prasad met the Chief Minister at the Secretariat and submitted a memorandum seeking his intervention. They highlighted that RDT's work in remote villages is heavily dependent on foreign donations and that the recent restrictions have disrupted essential services. The Centre reportedly revoked the registration over allegations that funds were being used for purposes outside the approved scope of the organisation. The MLAs stated that depositing funds into local contribution accounts has become problematic, impacting ongoing projects. They also noted that the Trust is actively seeking the renewal of its FCRA licence. Chief Minister Naidu assured the delegation that he would bring the matter to the attention of the Central government and take necessary steps to support the Trust's reinstatement. RDT's work has long been regarded as vital to underdeveloped areas, and the MLAs stressed that resolving the issue promptly is crucial for the continuation of services to the needy.
