Psyence Group Inc. (CSE:PSYG) has successfully closed the second tranche of its non-brokered private placement, raising a total of C$600,000 through the issuance of 6,000,000 common shares at C$0.10 per share. The offering was divided into two tranches: the first tranche closed on June 25, 2025, with 4,760,000 shares issued for C$476,000, and the second tranche closed on July 4, 2025, with 1,240,000 shares issued for C$124,000. The net proceeds will be utilized to support Psyence's ongoing general working capital needs, including operational expenses and strategic growth initiatives.
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