Corporate ActionJun 11, 2026, 01:56 PM
Core AI Holdings Raises ~$5.4M in Direct Offering; Launches HomeGPT App
AI Summary
Core AI Holdings, Inc. announced the pricing and closing of a registered direct offering, raising approximately $5.4 million in gross proceeds. The company sold 1,969,444 common shares and pre-funded warrants for 3,975,000 common shares to an institutional investor, with proceeds earmarked for AI technology and infrastructure initiatives and general working capital. Additionally, Core AI launched HomeGPT, an AI home design app, which saw over 6x user growth to 130,000 during its beta phase and a 210% increase in paid conversions.
Key Highlights
- Core AI Holdings raised approximately $5.4 million in gross proceeds from a registered direct offering.
- The offering included 1,969,444 common shares and pre-funded warrants for 3,975,000 common shares.
- Securities were sold at a combined purchase price of $0.90 per share and $0.89999 per pre-funded warrant.
- D. Boral Capital LLC acted as the exclusive placement agent, receiving a 7.0% cash fee.
- The company launched HomeGPT, an AI home design app, on June 11, 2026.
- HomeGPT's active users grew over 6x to more than 130,000 during its three-month beta period.
- Paid conversion for HomeGPT increased by approximately 210% from early product versions.
- Users generated over 380,000 AI design tasks across various use cases.
Price Impact
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