Shelfie-Tech Raises $2M for Retail Inventory Robotics

Shelfie-Tech Ltd. (CSE: SHLF) (OTCQB: SHLFF), a pioneering technology company focused on retail inventory solutions, has announced a significant capital raise through a non-brokered private placement. The company will issue up to 2,000,000 common shares at USD $1.00 per share, targeting gross proceeds of up to USD $2,000,000. This strategic funding initiative includes provisions for finders' fees of up to 8% payable to eligible finders in accordance with CSE policies, with the transaction subject to customary regulatory approvals and all securities being held under a four-month-plus-one-day hold period as required by applicable securities laws. The capital infusion will support corporate purposes, research and development initiatives, potential acquisitions, and working capital requirements, positioning the company for accelerated growth in the competitive retail technology landscape.

Shelfie-Tech stands at the forefront of retail innovation with its patent-pending technological solutions specifically designed for shelf inventory management in large grocery stores and supermarkets. The company's cutting-edge platform features a robotic retail shelf monitoring system powered by proprietary software that leverages advanced machine learning and image processing algorithms to automatically optimize inventory management. This sophisticated technology addresses critical pain points in the retail sector by providing real-time inventory tracking, reducing out-of-stock situations, and improving overall operational efficiency. For investors and industry observers seeking comprehensive information, the full press release detailing this development is available through the InvestorBrandNetwork, which serves as the specialized communications platform disseminating this announcement as part of its Dynamic Brand Portfolio of financial communication services.

The company's technological approach represents a significant advancement in retail operations, where traditional inventory management has long been plagued by inefficiencies and inaccuracies. By automating the shelf monitoring process through robotics and artificial intelligence, Shelfie-Tech's solution promises to transform how retailers manage their inventory, potentially leading to substantial cost savings and improved customer satisfaction. The current funding round through this private placement will enable the company to further develop its proprietary technology, expand its market reach, and pursue strategic acquisitions that could enhance its technological capabilities. This development comes at a time when the retail industry is increasingly embracing digital transformation, making Shelfie-Tech's innovative approach particularly relevant and timely for both investors and retail operators looking to modernize their operations.