Shelfie-Tech Announces Up to C$8.2 Million Private Placement to Accelerate Growth

Shelfie-Tech Ltd. (CSE: SHLF) (OTCQB: SHLFF) has 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, which provides technological solutions for shelf inventory management in the retail industry, particularly large grocery stores and supermarkets, plans to use the proceeds to support sales and marketing initiatives, expand its client base, fund research and development activities, and for general working capital purposes.

The private placement is notable as it constitutes a related-party transaction under MI 61-101 due to anticipated participation by an entity sharing a common director with the company. However, Shelfie-Tech stated it is relying on available exemptions from formal valuation and minority shareholder approval requirements. This move underscores the company’s strategy to secure capital from insiders while streamlining the process to quickly access funds.

Shelfie-Tech’s technology leverages patent-pending systems, including a robotic retail shelf monitoring system that uses proprietary software with machine learning and image processing algorithms to automatically optimize shelf inventory management. This solution addresses a critical pain point for retailers: out-of-stock items and inefficient inventory tracking, which can lead to lost sales and customer dissatisfaction. By automating the monitoring process, the company aims to reduce labor costs and improve accuracy in stock management.

The announcement comes as the retail industry increasingly adopts automation and AI-driven solutions to enhance operational efficiency. With the additional capital, Shelfie-Tech intends to accelerate its go-to-market strategy, targeting larger grocery chains and supermarkets that can benefit from its technology. The company’s focus on research and development also suggests potential enhancements to its platform, possibly expanding its capabilities beyond shelf monitoring to include predictive analytics or integration with other retail systems.

Investors should note that the company’s news and updates are available in its newsroom at https://ibn.fm/SHLFF. The full press release regarding the private placement can be accessed at https://ibn.fm/hFnqU. While the offering is non-brokered and exempt from certain regulatory requirements, it reflects management’s confidence in the company’s direction and its need for capital to scale operations.

As Shelfie-Tech moves forward with the private placement, the market will be watching for updates on the closing and subsequent use of funds. The company’s ability to convert the capital into revenue growth and market share will be key indicators of its long-term success in the competitive retail technology space.