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INEO Solutions

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Namestring
INEO Solutions
Legal namestring
INEO Tech Corp.
Company typeenum
Private
Founded yearint
2016
Descriptiontext

INEO Tech Corp. (operating as INEO) is a retail technology company headquartered in Surrey, British Columbia, Canada, that has developed a connected entrance infrastructure platform for multi-location retail environments. The platform unifies three functions previously served by disconnected hardware: connected electronic article surveillance (EAS) for loss prevention, a cloud monitoring layer providing device visibility and remote support for store operations, and a managed digital media inventory at retail entrance points that monetizes shopper traffic. The product combines physical connected EAS pedestals, a cloud-based monitoring and reporting platform, a digital entrance media network with campaign playback and proof-of-play reporting, and a real-time traffic/operations analytics layer.

The company monetizes through three revenue streams: hardware sales of connected entrance pedestals, recurring cloud platform subscriptions, and advertising revenue from brand campaigns delivered on the entrance media network. Distribution is via a direct enterprise field sales motion targeting enterprise and mid-market multi-location retailers, with the company positioning the platform as a way for retailers to consolidate vendor workflows rather than add another standalone device. The primary stakeholders addressed are asset protection/loss prevention teams, store operations teams, retail media/brand teams, and retail executives. Geographic scope is North America.

INEO is a small company (11-50 employees) that has been active in capital markets. The company has completed eight funding rounds between 2021 and 2026 totaling roughly $18.3M, made two acquisitions (Newman Loss Prevention in 2020 and Securitytags.com in 2022), and lists securities on the TSX Venture Exchange. Multiple private placements and a rights offering in late 2025, combined with an interim CFO appointment, indicate an active but capital-constrained operating profile, with the company frequently engaging in small, dilutive financings.

Short descriptiontext

INEO Tech Corp. is a retail technology company that provides a connected entrance infrastructure platform combining EAS loss prevention, cloud monitoring, and digital entrance media monetization. It targets enterprise and mid-market multi-location retailers via direct enterprise sales, earning revenue from hardware sales, recurring subscriptions, and advertising.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersSurrey, Canada
HQ citystring
Surrey
HQ countrystring
Canada
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
retail loss prevention, connected EAS infrastructure, retail media network, cloud device monitoring, entrance analytics platform
Industry1 code
1Video Analytics & AI Security Solutions Integration (LPR, Facial, Behavior)
CodeBPAKAGAKPrimaryYes
NAICS code1 code
  • Security Systems Services (except Locksmiths)561621
SIC code1 code
  • Services-Computer Integrated Systems Design7373
Product category
Retail Loss Prevention and Entrance Infrastructure Software
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model3 records
1Hardware (Connected Entrance Pedestals)
TypeHardware Sales
Description

Sale of connected EAS pedestals and entrance infrastructure hardware to retailers for loss prevention deployment

ineotechcorp.com
2Cloud Platform Subscription
TypeSubscription Recurring
Description

Recurring subscription revenue from cloud monitoring, device visibility, remote support, and operational reporting services

ineotechcorp.com
3Retail Media Network
TypeAdvertising
Description

Managed digital advertising inventory at retail entrances, generating revenue through campaign playback and proof-of-play reporting to brands seeking high-traffic retail visibility

ineotechcorp.com
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Technology or R&D, Marketing or Sales, Operations, Personnel
GTM typeB2B
B2B
Offering typeSoftware
Software
Core offering1 text field

INEO Solutions (legal entity: INEO Tech Corp.) sells a connected entrance infrastructure platform for retail stores that combines electronic article surveillance (EAS) hardware pedestals, cloud-based device monitoring and operational reporting, and managed digital media playback at store entrances. The platform is sold to retail chains and includes hardware deployment, a subscription-based cloud platform, and a retail media network that monetizes entrance traffic.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

INEO offers a single unified platform called the INEO Platform for connected retail entrance infrastructure. The platform serves as a managed system that combines loss prevention (Connected EAS infrastructure for front-of-store protection), operational visibility (cloud monitoring, device visibility, remote support, and operational reporting), and retail media monetization (digital entrance media, campaign playback, and proof-of-play reporting). The platform enables different retail teams—Asset Protection, Store Operations, Retail Media, and Executives—to utilize the same entrance infrastructure for their respective needs.

Product and service4 records
1INEO Platform
CategoryConnected Retail Entrance Infrastructure
Description

Connected entrance infrastructure platform for retailers that unifies connected EAS (electronic article surveillance) hardware, cloud monitoring, device visibility, remote support, operational reporting, and digital entrance media with proof-of-play reporting. Sold to retail chains for loss prevention, store operations visibility, and retail media monetization.

2Connected EAS Pedestals and Entrance Hardware
CategoryRetail Loss Prevention Hardware
Description

Connected EAS pedestals and entrance infrastructure hardware for retail loss prevention at store front doors, with cloud connectivity for real-time event visibility and alerts. Sold to retailers deploying front-of-store security infrastructure.

3Cloud Monitoring and Device Visibility Service
CategoryCloud Operations Software
Description

Cloud-based remote monitoring, device visibility, operational reporting, and remote support service for retailers managing entrance infrastructure across multiple store locations on a subscription basis.

4Digital Entrance Media Network
CategoryRetail Media Network
Description

Managed digital media inventory and campaign playback at retail entrance points, with proof-of-play reporting, sold to brands and retailers seeking high-traffic in-store advertising placements.

Scale indicator3 records

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Sensormatic is the dominant global provider of electronic article surveillance (EAS) pedestals, RFID, and source-tagging solutions for retail loss prevention. It competes head-on with INEO in the connected entrance infrastructure category and serves the same enterprise retail customer base with established multi-region deployment capabilities.

TypeDirect peer
Description

Checkpoint Systems is a long-standing direct competitor in EAS hardware, RFID-based inventory visibility, and retail loss prevention solutions. It offers an overlapping product portfolio targeting the same retailer decision-makers for front-of-store security and operational visibility that INEO addresses.

TypeDirect peer
Description

Nedap provides retail loss prevention (EAS), RFID-based stock visibility, and store-level digital solutions for multi-location retailers. It competes with INEO in connected entrance infrastructure and store intelligence, with a strong European footprint that contrasts with INEO's North American focus.

4VusionGroup (formerly SES-imagotag)
TypeBroad incumbent
Description

VusionGroup is a global connected retail platform spanning electronic shelf labels, IoT infrastructure, and in-store digital solutions for large retailers. While broader than INEO's entrance-specific scope, it competes for the same connected-retail infrastructure budget and serves similar enterprise retail customers.

TypeBroad incumbent
Description

Avery Dennison operates a large retail branding and information solutions business including RFID, labels, and loss prevention-adjacent products. It serves global retail chains with connected retail intelligence and overlaps with INEO in store-level inventory visibility and tagging.

TypeEmerging player
Description

STRATACACHE provides in-store digital signage, retail media networks, and customer engagement technology for retailers and brands. It overlaps with INEO's retail media network and digital entrance media monetization, though STRATACACHE focuses more broadly on in-store screens and shopper engagement.

TypeEmerging player
Description

RetailNext offers retail traffic analytics, in-store behavior measurement, and operational dashboards for brick-and-mortar retailers. It is comparable to INEO's analytics and operational visibility layer and addresses the same store operations buyer.

TypeEmerging player
Description

Cooler Screens operates a digital media network on smart screens inside retail stores, monetizing shopper attention through brand campaigns. It overlaps with INEO's retail media network concept, though Cooler Screens focuses on cooler doors rather than entrance pedestals.

TypeEmerging player
Description

Neptune Retail Solutions (formerly Quotient Technology) is a retail media network that connects brands with shoppers via retailer-owned channels. It addresses the same brand-side advertiser customer as INEO's retail media business and competes for in-store digital media budgets.

TypeOthers
Description

Brain Corp develops AI-enabled retail robotics and IoT sensor platforms deployed in large retail chains. While focused on autonomous inventory scanning rather than entrance infrastructure, it shares the connected retail IoT theme and serves the same multi-location retail operations buyer.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat3 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature4 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds8 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors2 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

INEO Solutions

Retail Loss Prevention and Entrance Infrastructure Softwareineosolutionsinc.com

INEO Tech Corp. is a retail technology company that provides a connected entrance infrastructure platform combining EAS loss prevention, cloud monitoring, and digital entrance media monetization. It targets enterprise and mid-market multi-location retailers via direct enterprise sales, earning revenue from hardware sales, recurring subscriptions, and advertising.

What INEO Solutions does

INEO Tech Corp. (operating as INEO) is a retail technology company headquartered in Surrey, British Columbia, Canada, that has developed a connected entrance infrastructure platform for multi-location retail environments. The platform unifies three functions previously served by disconnected hardware: connected electronic article surveillance (EAS) for loss prevention, a cloud monitoring layer providing device visibility and remote support for store operations, and a managed digital media inventory at retail entrance points that monetizes shopper traffic. The product combines physical connected EAS pedestals, a cloud-based monitoring and reporting platform, a digital entrance media network with campaign playback and proof-of-play reporting, and a real-time traffic/operations analytics layer.

The company monetizes through three revenue streams: hardware sales of connected entrance pedestals, recurring cloud platform subscriptions, and advertising revenue from brand campaigns delivered on the entrance media network. Distribution is via a direct enterprise field sales motion targeting enterprise and mid-market multi-location retailers, with the company positioning the platform as a way for retailers to consolidate vendor workflows rather than add another standalone device. The primary stakeholders addressed are asset protection/loss prevention teams, store operations teams, retail media/brand teams, and retail executives. Geographic scope is North America.

INEO is a small company (11-50 employees) that has been active in capital markets. The company has completed eight funding rounds between 2021 and 2026 totaling roughly $18.3M, made two acquisitions (Newman Loss Prevention in 2020 and Securitytags.com in 2022), and lists securities on the TSX Venture Exchange. Multiple private placements and a rights offering in late 2025, combined with an interim CFO appointment, indicate an active but capital-constrained operating profile, with the company frequently engaging in small, dilutive financings.

INEO Solutions firmographics

Firmographics
Name
INEO Solutions
Legal name
INEO Tech Corp.
Website
https://ineosolutionsinc.com
Company type
Private
Founded year
2016
Operating status
Operating
Headcount range
11–50 employees
Short description
INEO Tech Corp. is a retail technology company that provides a connected entrance infrastructure platform combining EAS loss prevention, cloud monitoring, and digital entrance media monetization. It targets enterprise and mid-market multi-location retailers via direct enterprise sales, earning revenue from hardware sales, recurring subscriptions, and advertising.
Ownership category
akta.pro rank

INEO Solutions industry classification

Industry
Product category
Retail Loss Prevention and Entrance Infrastructure Software
NAICS
Security Systems Services (except Locksmiths) (561621)
SIC
Services-Computer Integrated Systems Design (7373)
akta.pro primary industry
Video Analytics & AI Security Solutions Integration (LPR, Facial, Behavior) (BPAKAGAK)

Keywords

  • Retail loss prevention
  • Connected EAS infrastructure
  • Retail media network
  • Cloud device monitoring
  • Entrance analytics platform

Where INEO Solutions is headquartered

Location

Headquarters

HQ city
Surrey
HQ country
Canada
HQ region
North America

Offices1 record

Markets served

INEO Solutions business model

Business model
GTM type
B2B
Offering type
Software
Cost components
Supply Chain, Technology or R&D, Marketing or Sales, Operations, Personnel

Revenue model

  1. Hardware (Connected Entrance Pedestals): Sale of connected EAS pedestals and entrance infrastructure hardware to retailers for loss prevention deployment
  2. Cloud Platform Subscription: Recurring subscription revenue from cloud monitoring, device visibility, remote support, and operational reporting services
  3. Retail Media Network: Managed digital advertising inventory at retail entrances, generating revenue through campaign playback and proof-of-play reporting to brands seeking high-traffic retail visibility

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

INEO Solutions product offering

Product offering

Core offering

INEO Solutions (legal entity: INEO Tech Corp.) sells a connected entrance infrastructure platform for retail stores that combines electronic article surveillance (EAS) hardware pedestals, cloud-based device monitoring and operational reporting, and managed digital media playback at store entrances. The platform is sold to retail chains and includes hardware deployment, a subscription-based cloud platform, and a retail media network that monetizes entrance traffic.

Product overview

INEO offers a single unified platform called the INEO Platform for connected retail entrance infrastructure. The platform serves as a managed system that combines loss prevention (Connected EAS infrastructure for front-of-store protection), operational visibility (cloud monitoring, device visibility, remote support, and operational reporting), and retail media monetization (digital entrance media, campaign playback, and proof-of-play reporting). The platform enables different retail teams—Asset Protection, Store Operations, Retail Media, and Executives—to utilize the same entrance infrastructure for their respective needs.

Differentiator

Problem solved

Functional benefit

Products and services

  • INEO Platform Connected entrance infrastructure platform for retailers that unifies connected EAS (electronic article surveillance) hardware, cloud monitoring, device visibility, remote support, operational reporting, and digital entrance media with proof-of-play reporting. Sold to retail chains for loss prevention, store operations visibility, and retail media monetization.
  • Connected EAS Pedestals and Entrance Hardware Connected EAS pedestals and entrance infrastructure hardware for retail loss prevention at store front doors, with cloud connectivity for real-time event visibility and alerts. Sold to retailers deploying front-of-store security infrastructure.
  • Cloud Monitoring and Device Visibility Service Cloud-based remote monitoring, device visibility, operational reporting, and remote support service for retailers managing entrance infrastructure across multiple store locations on a subscription basis.
  • Digital Entrance Media Network Managed digital media inventory and campaign playback at retail entrance points, with proof-of-play reporting, sold to brands and retailers seeking high-traffic in-store advertising placements.

Companies that use INEO Solutions

Customer profile

Segments4 records

Ideal customer profiles2 records

INEO Solutions technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature4 records

INEO Solutions partnerships and signals

Strategic signal

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

INEO Solutions competitors and assessment

Company assessment

Direct peers

  • Sensormatic Solutions (Johnson Controls): Sensormatic is the dominant global provider of electronic article surveillance (EAS) pedestals, RFID, and source-tagging solutions for retail loss prevention. It competes head-on with INEO in the connected entrance infrastructure category and serves the same enterprise retail customer base with established multi-region deployment capabilities.
  • Checkpoint Systems: Checkpoint Systems is a long-standing direct competitor in EAS hardware, RFID-based inventory visibility, and retail loss prevention solutions. It offers an overlapping product portfolio targeting the same retailer decision-makers for front-of-store security and operational visibility that INEO addresses.
  • Nedap Retail: Nedap provides retail loss prevention (EAS), RFID-based stock visibility, and store-level digital solutions for multi-location retailers. It competes with INEO in connected entrance infrastructure and store intelligence, with a strong European footprint that contrasts with INEO's North American focus.

Broad incumbents

  • VusionGroup (formerly SES-imagotag): VusionGroup is a global connected retail platform spanning electronic shelf labels, IoT infrastructure, and in-store digital solutions for large retailers. While broader than INEO's entrance-specific scope, it competes for the same connected-retail infrastructure budget and serves similar enterprise retail customers.
  • Avery Dennison: Avery Dennison operates a large retail branding and information solutions business including RFID, labels, and loss prevention-adjacent products. It serves global retail chains with connected retail intelligence and overlaps with INEO in store-level inventory visibility and tagging.

Emerging players

  • STRATACACHE: STRATACACHE provides in-store digital signage, retail media networks, and customer engagement technology for retailers and brands. It overlaps with INEO's retail media network and digital entrance media monetization, though STRATACACHE focuses more broadly on in-store screens and shopper engagement.
  • RetailNext: RetailNext offers retail traffic analytics, in-store behavior measurement, and operational dashboards for brick-and-mortar retailers. It is comparable to INEO's analytics and operational visibility layer and addresses the same store operations buyer.
  • Cooler Screens: Cooler Screens operates a digital media network on smart screens inside retail stores, monetizing shopper attention through brand campaigns. It overlaps with INEO's retail media network concept, though Cooler Screens focuses on cooler doors rather than entrance pedestals.
  • Neptune Retail Solutions: Neptune Retail Solutions (formerly Quotient Technology) is a retail media network that connects brands with shoppers via retailer-owned channels. It addresses the same brand-side advertiser customer as INEO's retail media business and competes for in-store digital media budgets.

Others

  • Brain Corp: Brain Corp develops AI-enabled retail robotics and IoT sensor platforms deployed in large retail chains. While focused on autonomous inventory scanning rather than entrance infrastructure, it shares the connected retail IoT theme and serves the same multi-location retail operations buyer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

INEO Solutions social profiles

Digital presence

INEO Solutions financial estimates

Financial estimate

Revenue estimate

Valuation estimate

INEO Solutions leadership team

Management profile

Number of profiles

Profiles3 records

INEO Solutions funding detail

Funding detail

Funding overview

Funding rounds8 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

INEO Solutions M&A and investment

M&A and investment

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about INEO Solutions

What does INEO Solutions do?

INEO Solutions (legal entity: INEO Tech Corp.) sells a connected entrance infrastructure platform for retail stores that combines electronic article surveillance (EAS) hardware pedestals, cloud-based device monitoring and operational reporting, and managed digital media playback at store entrances. The platform is sold to retail chains and includes hardware deployment, a subscription-based cloud platform, and a retail media network that monetizes entrance traffic.

Is INEO Solutions a public or private company?

INEO Solutions is a private company. It is classified as public and is currently operating.

When was INEO Solutions founded?

INEO Solutions was founded in 2016. It employs 11 to 50 people.

Where is INEO Solutions based?

INEO Solutions is headquartered in Surrey, Canada, in the North America region.

How does INEO Solutions make money?

Three revenue lines are on record. Hardware (Connected Entrance Pedestals) is the primary driver. The others are cloud Platform Subscription and retail Media Network.

Who are INEO Solutions's main competitors?

Direct peers on record are Sensormatic Solutions (Johnson Controls), Checkpoint Systems and Nedap Retail. Broad incumbents are VusionGroup (formerly SES-imagotag) and Avery Dennison. Emerging players are STRATACACHE, RetailNext, Cooler Screens and Neptune Retail Solutions. Brain Corp is listed as an others.

Does INEO Solutions have an API?

No public API is recorded for INEO Solutions.

What industry is INEO Solutions in?

INEO Solutions's product category is Retail Loss Prevention and Entrance Infrastructure Software. Its primary akta.pro industry code is BPAKAGAK, Video Analytics & AI Security Solutions Integration (LPR, Facial, Behavior). Its NAICS code is 561621 and its SIC code is 7373.

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Live signals
FinancialContent Business PageINEO Tech Corp. (TSX.V: INEO) (OTCQB: INEOF) Featured in Coverage of the Disruptive Growth & Life Sciences ConferenceINEO Tech Corp. reported preliminary Q4 revenue expected to exceed $1.0 million, its strongest quarter, with over $750,000 in unshipped orders. The company is expanding its retail media and loss prevention deployments.Markets DailyReviewing Gray Media (NYSE:GTN) and INEO Tech (OTCMKTS:INEOF)A MarketBeat comparison evaluates Gray Media (NYSE:GTN) and INEO Tech (OTCMKTS:INEOF) across nine factors including institutional ownership, dividends, risk, analyst recommendations, profitability and valuation. Gray Media, a U.S. television broadcaster, shows $3.10 billion revenue, $0.61 EPS and 78.6% institutional ownership, while INEO Tech, a Canadian analytics firm, has no disclosed financials. Gray Media's consensus target of $7.88 implies 62.04% upside.NewswireDavid Wambeke Announces Acquisition of Shares in Ineo Tech Corp.David Wambeke acquired 3,894,430 shares of Ineo Tech Corp. at $0.10 each, totaling $389,443, after the company closed a private placement on June 16, 2026. The purchase raised his ownership to approximately 19.93% of the company, triggering an early warning report under National Instrument 62-103.NewswirePeter Appel Announces Acquisition of Shares in Ineo Tech Corp.Peter Appel acquired 7,605,570 shares of Ineo Tech Corp. at $0.10 each, totaling $760,557, giving him a 14.61% undiluted stake. The acquisition triggered an early warning report under National Instrument 62-103.FinancialContent Business PageINEO Announces Grant of Stock OptionsINEO Tech Corp.'s board of directors has approved the grant of 3,110,000 incentive stock options to directors, officers, employees, and consultants, exercisable at $0.10 per common share for ten years with 25% vesting annually over four years. The options, the company's first grant to employees and officers since August 2024, are part of a compensation and retention program designed to align long-term interests with shareholders while supporting commercial growth execution.MorningstarDavid Wambeke Announces Acquisition of Shares in Ineo Tech Corp.David Wambeke acquired 3,894,430 shares of Ineo Tech Corp. at $0.10 each, totaling $389,443, in a private placement that closed June 16, 2026. The purchase raised his stake to approximately 19.93% of the company, triggering an early warning report under National Instrument 62-103.MorningstarINEO Announces Grant of Stock OptionsINEO Tech Corp. announced its board approved granting 3,110,000 stock options to directors, officers, employees, and consultants. The options are exercisable at $0.10 per share, vest over four years, and mark the first grant since August 2024.ACCESS NewswireINEO Tech Corp. Announces Closing of Private Placement and Debt SettlementINEO Tech Corp. closed a non-brokered private placement, issuing 15 million shares at $0.10 each for $1.5 million in proceeds. It also settled $457,888 in debt by issuing 4,578,880 debt shares. Proceeds will fund working capital, inventory, and production.NewswireINEO Announces Effective Date of Share ConsolidationINEO Tech Corp. announced that its share consolidation, one post-consolidation share for every ten pre-consolidation shares, becomes effective June 5, 2026. The company's shares will trade on the TSX Venture Exchange under the existing symbol, and the consolidation is part of a financing plan including a private placement and debt conversion.NewswireINEO Announces Upsizing of Previously Announced Private Placement FinancingINEO Tech Corp. announced an upsizing of its private placement financing from $1.1 million to $1.5 million gross proceeds, at $0.01 per share pre-consolidation. The company will use proceeds for working capital and inventory, and extended an existing $1 million debt maturity to December 2027.