Smart label developer Ynvisible Interactive Inc. (YNV:TSX.V) announced on Jan. 22 that it has completed a reverse takeover (RTO) transaction with YD Ynvisible S.A., acquiring 94.19% of the issued and outstanding shares of Ynvisible.
The company has issued 24.6 million common shares at a deemed price of $0.30 per share, as well as 1.3 million shares as payment of a finder's fee in connection with the RTO.
Ynvisible also announced that it had closed its prospectus offering, "including the full exercise of the over-allotment option, raising gross proceeds of $4,599,999.60 for the company. Haywood Securities Inc. acted as agent with respect to the sale of 15,333,332 Shares at a price of $0.30 per share."
The company will trade under the symbol YNV on the TSX Venture Exchange.
Ynvisible notes that it designs "extremely low power smart labels that enhance consumer engagement by incorporating simple, yet useful, functionalities."
"It is the unique nature of this technology that makes it worth looking at." – Danny Deadlock, TickerTrax
According to the company, "Printed electronics is a technology field that uses new materials, with electronic properties, that are processable into inks and can be printed into thin layers (using conventional print house equipment) onto flexible materials, such as plastic and paper."
Smart labels can respond to movement, temperature and touch. These labels can have numerous applications, from monitoring the shipment of fragile packages as well as monitoring the security of documents during shipment, to monitoring the temperature of drugs to ensure their pharmaceutical integrity. Other applications include anti-counterfeiting measures for luxury goods, sensors for consumer goods, and printed graphics for magazine inserts and mailers.
The market for smart labels is expanding rapidly. Zion Market Research reported in September 2016 that the flexible electronics market is "expected to generate revenue of USD 16.50 billion by end of 2021, growing at a CAGR of slightly above 21% between 2016 and 2021."
IDTechEx in November 2017 noted that the "total market for printed, flexible and organic electronics will grow from $29.28 billion in 2017 to $73.43 billion in 2027."
Ynvisible had caught the attention of industry observers. Danny Deadlock wrote in TickerTrax newsletter on Jan. 22, referring to Ynvisible, that "it is the unique nature of this technology that makes it worth looking at."
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Danny Deadlock owns 50,000 YNV.