Newtopia Inc. has filed a non-offering prospectus for the qualification of the distribution of 14,422,822 common shares and 7,211,411 common share purchase warrants.
The qualifying securities will be issuable for no additional consideration upon exercise or deemed exercise of 14,422,822 special warrants issued in 2019.
The TSX Venture Exchange has conditionally approved the listing of the common shares of Newtopia under the symbol “NEWU”
Founded in 2008 by Jeff Ruby, Newtopia helps emplyees develop healthier habits to reduce their risk of developing a chronic disease and lower costs.
Newtopia major shareholders include Rural India Supporting Trust, XDL Capital/Dennis Bennie, Jeff Ruby and minor shareholder Bloom Burton Healthcare Lending Trust and a large group of private investors.
Newtopia has recently raised $23.5 million in equity funding.
photo credit: Newtopia