ARHT Media (TSE:ART) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
ARHT Media Inc. has completed the initial phase of a private placement, securing $825,000 through the sale of 2024 Series B secured subordinated debentures, with a second tranche aiming for an additional $375,000 by mid-June. These debentures, bearing a 15% annual interest rate and maturing in 2025, are backed by the company’s assets and will support ARHT’s growth by providing working capital. ARHT, a market leader in hologram technology, plans to continue expanding its global presence.
For further insights into TSE:ART stock, check out TipRanks’ Stock Analysis page.
