Private placement to accelerate growth and enhance profitability

Regina, saskatchewan--(newsfile corp. - march 25, 2025) - above food ingredients inc. (nasdaq: abve) ("the company") has announced the successful signing of a $9 million private placement of convertible notes with institutional investors. of this amount, $7 million is expected to fund on or about march 27, 2025, subject to customary closing conditions, and the funding of the remaining $2 million, from origin capital, backed by broadline capital together with two of the united state's most prestigious and renowned technology research universities, will be subject to the company's entering into definitive documents for a reverse merger transaction with palm global technologies ltd.
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