Shelfie-Tech Plans Up to C$8.2 Million Private Placement to Boost Sales and R&D
Shelfie-Tech Ltd. announced a non-brokered private placement for up to C$8.2 million to fund sales, marketing, client expansion, and R&D, highlighting its push to scale shelf inventory management solutions for grocery retailers.
Shelfie-Tech Ltd. (CSE: SHLF) (OTCQB: SHLFF) announced its intention to close a non-brokered private placement on or around June 17, 2026, consisting of up to 4,615,385 common shares priced at C$1.78 per share for gross proceeds of up to approximately C$8.2 million. The company said proceeds from the financing are expected to support sales and marketing initiatives, expansion of its client base, research and development activities, and general working capital purposes.
The private placement constitutes a related-party transaction under MI 61-101 due to anticipated participation by an entity sharing a common director with the company. Shelfie-Tech noted it is relying on available exemptions from formal valuation and minority shareholder approval requirements.
ShelfieTech is a technology company focused on providing shelf inventory management technological solutions for the retail industry, in particular for large grocery stores and supermarkets. Using patent-pending technology, ShelfieTech’s solution includes a robotic retail shelf monitoring system that uses its self-developed proprietary software utilizing machine learning and image processing algorithms to automatically optimize shelf inventory management.
The announcement signals the company’s intent to accelerate growth in a market where retailers increasingly seek automation to reduce out-of-stocks and improve efficiency. According to the press release, the financing will bolster sales and marketing efforts as ShelfieTech looks to expand its client base beyond early adopters. The funds will also support ongoing research and development, likely to enhance the capabilities of its robotic monitoring system and software.
For investors, the placement provides an opportunity to participate in the company’s growth phase, though the related-party nature of the transaction may raise governance considerations. The company’s reliance on exemptions from formal valuation and minority approval requirements is standard for such transactions but underscores the need for transparency as it scales.
To view the full press release, visit https://ibn.fm/hFnqU. The latest news and updates relating to SHLFF are available in the company’s newsroom at https://ibn.fm/SHLFF.