1VALET Announces Close of Warrant Exercise
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OTTAWA – November 3rd, 2020 – 1VALET announced today that company Warrant Holders have exercised their warrants, resulting in the closing of the proptech firm’s latest funding round.
This funding will support the successful deployment of 1VALET’s Building Operating System (BOS) and smart building ecosystem across a number of marquee Canadian and foreign projects over the coming months. It will also drive the expansion of their supply chain to meet their significant product demand.
“The recent milestones we have achieved as an organization, such as the Rogers Reseller Agreement among many others, really made this decision a simple one for our shareholders,” said 1VALET President & CEO Jean-Pierre Poulin. “We have successfully positioned our company as an industry leader, and continue to power multi-family buildings with our disruptive building operating system (BOS), entry system, and mobile resident application.”
As 1VALET continues to secure significant partnerships and add industry giants to its customer pipeline, the company also announced it is expecting the imminent close of its non-dilutive S.A.F.E round of funding.