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The latest update is out from Alset Capital ( (TSE:GPUS) ).
Alset AI Ventures Inc. has announced a non-brokered private placement offering to raise up to $700,000 through the sale of 12,727,272 units priced at $0.055 each. The funds will be used to expand the company’s cloud computing business, bolster sales and marketing efforts, and achieve near-term revenue goals. This financing, alongside an unreleased loan facility under development, aims to strengthen the company’s balance sheet and support its focus on customer adoption and revenue growth, potentially enhancing its positioning in the competitive AI and cloud computing sector.
More about Alset Capital
Alset AI Ventures Inc. is a venture investment platform specializing in artificial intelligence. The company focuses on sourcing, funding, and developing innovative applications and infrastructure within the AI value chain, providing investors with diversified exposure to advancements in AI technologies.
Average Trading Volume: 805,665
Technical Sentiment Signal: Sell
Current Market Cap: C$9.28M
Learn more about GPUS stock on TipRanks’ Stock Analysis page.