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Argo Corporation Completes Preferred Shares Distribution and Debenture Conversion

Story Highlights
  • Argo Corporation has distributed Series A Preferred Shares under a special stock dividend.
  • The company converted secured convertible debentures into units, increasing shares and warrants.
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Argo Corporation Completes Preferred Shares Distribution and Debenture Conversion

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Steer Technologies ( (TSE:ARGH) ) has shared an update.

Argo Corporation, a leader in next-generation transit solutions, has completed the distribution of its Series A Preferred Shares as part of a special stock dividend. This move also included the conversion of its outstanding secured convertible debentures into company units, significantly increasing the number of common shares and warrants in circulation. This strategic financial maneuver aims to strengthen Argo’s market position and enhance shareholder value.

More about Steer Technologies

Average Trading Volume: 94,465

Technical Sentiment Signal: Buy

Current Market Cap: C$83.21M

For a thorough assessment of ARGH stock, go to TipRanks’ Stock Analysis page.

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