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Sonic Crypto Proxy Spetz Upsizes Private Placement up to $10 Million Amid Strong Investor Demand
By Taylor Pierce - Tuesday, May 13
The Recap
The best information on capital raises and financing activity in under 5 minutes:
Spetz Inc. (CSE: SPTZ, OTC PINK: DBKSF) The public Sonic crypto proxy announces it has extended and upsized its recently announced financing to a maximum of CAD $10 million due to strong investor demand.
Southern Cross Gold Consolidated Ltd. (TSXV: SXGC, ASX: SX2) Closes first tranche of its previously announced CAD $143 million private placement.
Unusual Machines, Inc. (NYSE: UMAC) The drone component & drone manufacturer successfully closed a $40 million confidentially marketed public offering of 8,000,000 common shares at $5.00 per share.

Mitchell Demeter, Founder & CEO of Sonic Strategy at the Sonic Labs Event in Vienna, Austria.
Spetz Inc. a public Sonic crypto proxy announces it has extended and upsized its recently announced financing to a maximum of CAD $10 million due to strong investor demand.
"Investor demand has been very strong, and we're in the final stages of completing this raise," said Mitchell Demeter, CEO and Director of Spetz. "We're excited about the strategic capital coming in and what it will enable us to build moving forward."
Spetz is a multinational technology company operating at the intersection of AI-driven marketplaces and blockchain infrastructure. The Company’s primary asset, Sonic Strategy, is a blockchain staking and infrastructure company supporting the Sonic ecosystem.

Image sourced from Southern Cross’ Corporate Presentation
Southern Cross Gold has closed its first tranche of its previously announced CAD $143 million private placement.
The net proceeds from the Placement are expected to deliver the following key milestones in the growth and development of the Sunday Creek Gold-Antimony Project, located 60 km north of Melbourne, Australia:
CAD$53M for drilling targeted to establish an Inferred Resource by Q1 2027
CAD$27M for 1 km decline development to accelerate access to mineralization
CAD$4M for a Preliminary Economic Assessment in respect of Sunday Creek
CAD$59M for exploration target expansion, regional exploration along the 12 km mineralized trend, working capital and G&A over three years.
The Company controls the Sunday Creek Gold-Antimony Project located 60 km north of Melbourne, Australia. Sunday Creek has emerged as one of the Western world's most significant gold and antimony discoveries.

Unusual Machines raised $40 million through a public offering of common stock, with the offering priced at $5.00 per share.
The proceeds from the offering will be used to accelerate the completion of the company's drone motor facility in Orlando, Florida, and for general corporate purposes.
The Company manufactures and sells drone components and drones across a diversified brand portfolio, which includes Fat Shark, the leader in FPV (first-person view) ultra-low latency video goggles for drone pilots.
With a changing regulatory environment, Unusual Machines seeks to be a dominant component supplier to the fast-growing multi-billion-dollar US drone industry and the global defense business.
Top Money Moves

Company | Money Raised ($USD) | Sector |
ADP | $1,000,000,000 | Human Resources |
Howard Hughes Corporation | $900,000,000 | Real Estate |
IDACORP | $450,000,000 | Energy |
Wintrust Financial | $425,000,000 | Financial Services |
ONE Gas | $197,500,000 | Energy |
NovaGold Resources | $179,400,000 | Mining |
i-80 Gold | $160,000,000 | Mining |
Ravi Infra-Build Projects | $128,790,654 | Construction |
Southern Cross Gold | $64,395,277 | Mining |
Brazil Potash | $54,265,052 | Agriculture |
Unusual Machines | $40,000,000 | Aerospace |
Fireweed Metals | $32,412,926 | Mining |
Svenska Handelsbanken | $30,666,422 | Financial Services |
Touchstone Exploration | $20,392,329 | Oil and Gas |
SEALSQ | $20,000,000 | Semiconductor |
MetaVia | $10,000,000 | Biotechnology |
Onyx Gold | $8,004,519 | Mining |
FAVO Capital | $8,000,000 | Real Estate |
Theriva Biologics | $7,500,000 | Biotechnology |
NuCana BioMed | $7,000,000 | Biotechnology |
Pasithea Therapeutics | $6,300,000 | Biotechnology |
Dogness (International) | $6,000,000 | Manufacturing |
Kingfisher Metals | $5,071,574 | Mining |
Nexalin Technology | $5,000,000 | Healthcare Technology |
BioAffinity Technologies | $3,250,000 | Biotechnology |
Excite Technology Services | $2,800,000 | Information Technology |
NKGen Biotech | $2,650,000 | Biotechnology |
Matador Gold Technologies | $2,151,694 | Financial Technology |
Bio-Gene Technology | $2,100,000 | Biotechnology |
authID | $2,100,000 | Cybersecurity |
Hilbert Group | $2,079,079 | Financial Services |
Brunswick Exploration | $1,800,718 | Mining |
Turnium Technology Group | $1,440,575 | Software |
Genetic Analysis | $1,232,569 | Biotechnology |
Palatin Technologies | $1,100,000 | Biotechnology |
MAIA Biotechnology | $1,080,000 | Biotechnology |
Lead Investors
Howard Hughes Corporation: $900,000,000 | Real Estate | Lead Investor: Pershing Square Holdings
Southern Cross Gold: $64,395,277 | Mining | Lead Investor: Darren Morcombe
Brazil Potash: $54,265,052 | Agriculture | Lead Investor: Alumni Capital Management
FAVO Capital: $8,000,000 | Real Estate | Lead Investor: Stewards Investment Capital
NKGen Biotech: $2,650,000 | Biotechnology | Lead Investor: Paul Y. Song
Hilbert Group: $2,079,079 | Not Specified | Lead Investor: Molcap/Qvist Holding, Niclas Sandstrom
Do you know of any other lead investors who put capital into the markets this week? We would be happy to feature the transactions, send us an email at [email protected]
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