GMEX Robotics Raises $2M via $1.0692 PIPE Financing at 20% Premium
GMEX•GMEX Robotics has secured $2 million in PIPE financing by issuing 1,870,558 ordinary shares and 3,741,116 warrants at $1.0692 per share, representing a 20% premium. The funds will support ongoing operations, strategic growth initiatives, acquisitions, and general corporate purposes with closing expected around June 11, 2026.
1. PIPE Financing Terms
GMEX Robotics entered a securities purchase agreement to raise $2 million through a PIPE financing by issuing 1,870,558 ordinary shares and 3,741,116 warrants exercisable at $1.0692 per share, priced at a 20% premium to the prior closing price.
2. Use of Proceeds
Proceeds are earmarked to support ongoing operations, advance strategic growth initiatives, fund potential acquisitions and cover general corporate purposes, reinforcing the company's development of AI-powered robotic solutions.
3. Closing Schedule and Conditions
The financing is expected to close on or around June 11, 2026, and the securities are issued under the Section 4(a)(2) exemption, without registration rights, restricting resale until proper registration or exemption applies.
4. Company Profile
Formerly known as Fitell Corporation, GMEX Robotics develops consumer health and advanced automation technologies, expanding from fitness equipment e-commerce into AI-driven robotics designed for diverse consumer applications.
