Menlo Park California, Vancouver British Columbia, and Boulder Colorado (July 6, 2021) – Intellabridge Technology Corporation (the “Company”) (CSE: INTL) (OTCPK: CRBTF) (FRA: 98AA), a blockchain technology company, has filed a base short form prospectus to qualify for distribution up to $50 million CAD of the Company’s securities (the “Shelf Prospectus”)
The Shelf Prospectus, once cleared, will provide the Company the flexibility to raise capital through the issuance of securities up to $50 million CAD for a period extending over 25 months. The Company only intends to raise capital for corporate purposes, including, for marketing, business development, and other strategic objectives. The Company does not intend to immediately complete an offering of the entire amount reserved under the Shelf Prospectus but, rather intends to strategically raise capital as required.
“We decided to do a shelf prospectus to enable the Company to better control the price, terms and size of future offerings and better meet demand at prevailing market prices. We expect to use this financing option as needed depending on the Company’s strategic objectives and market conditions,” explains John Eagleton, CEO of Intellabridge. “I would like to thank shareholders for their continued support.”
About Intellabridge Technology Corporation
Intellabridge Technology Corporation (CSE: INTL) (OTCPK: CRBTF) (FRA: 98AA) is a fintech blockchain company that offers decentralized banking services (DeFi banking). Its "Kash" banking product is a blockchain bank, currently in private Beta period, with accounts featuring DeFi interest-bearing savings vaults, stablecoin checking, fiat-crypto exchange, debit cards, virtual cards, Apple Pay, Google Pay, synthetic stock, ETF and commodity trading, and other DeFi banking services.
The Kash platform is focused on growth in high inflation emerging market countries where there exists the highest demand for USD stablecoins and DeFi banking solutions. The current Beta version of the product is available on web and mobile for customers on the waitlist. For more information on Kash visit www.kash.io. To get on the waitlist for Kash, sign up for a Kash account at app.kash.io. For more information on Intellabridge, visit www.intellabridge.com.
ON BEHALF OF THE BOARD of DIRECTORS
INTELLABRIDGE TECHNOLOGY CORPORATION
John Eagleton, CEO
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This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the word “will” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward looking statements. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.