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Minerva Intelligence, Inc. ( (TSE:AISX) ) has provided an announcement.
Aisix Solutions Inc. has entered into a short-term loan agreement with 1821 Capital Corp. for $430,000, with a maturity of six months and an interest rate of 10% per annum. The loan, secured as first priority over all company assets, includes the issuance of warrants to purchase 6,000,000 common shares to the lender, who is a related party. This transaction, approved unanimously by the company’s board, aims to expedite business operations and enhance liquidity, potentially affecting the company’s stakeholder dynamics by increasing the CEO’s ownership stake.
More about Minerva Intelligence, Inc.
Aisix Solutions Inc. is an emerging global provider of climate risk and data-analytics solutions. The company focuses on offering advanced analytics products that help organizations assess and manage climate-related risks effectively.
YTD Price Performance: 200%
Average Trading Volume: 795,708
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$5.11M
For a thorough assessment of AISX stock, go to TipRanks’ Stock Analysis page.