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AnalytixInsight Settles Debts with Share Issuance

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AnalytixInsight Settles Debts with Share Issuance

AnalytixInsight ( (TSE:ALY) ) just unveiled an update.

AnalytixInsight has announced debt settlement agreements to address C$316,881.4 in accrued directors’ and consulting fees by issuing 7,041,809 common shares at C$0.045 per share. This move aims to improve the company’s financial standing without creating new control persons and is subject to TSX Venture Exchange approval, with the issued shares having a statutory four-month hold period.

More about AnalytixInsight

AnalytixInsight is a data analytics and enterprise software solutions provider offering cloud-based platforms for financial content, company analysis, and stock research solutions. The company operates primarily in the financial services industry and holds a 49% interest in MarketWall S.R.L., a fintech solutions developer for financial institutions in Italy.

YTD Price Performance: 50.0%

Average Trading Volume: 105,987

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$4.38M

See more insights into ALY stock on TipRanks’ Stock Analysis page.

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