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BEACN Wizardry & Magic Inc ( (TSE:BECN) ) has shared an announcement.
BEACN Wizardry & Magic Inc. has announced a non-brokered private placement to raise up to $700,000 by issuing common shares. The proceeds will be used to accelerate sales initiatives, support strategic inventory purchases, continue research and development, and for general working capital. This move comes as the company navigates a challenging year marked by global trade volatility and increased US tariffs. The funding is intended to stabilize and propel BEACN towards profitable growth, with the offering exempt from certain valuation and shareholder approval requirements. The closing of the offering is subject to regulatory approvals, and may occur in multiple tranches.
More about BEACN Wizardry & Magic Inc
BEACN Wizardry & Magic Inc., based in Victoria, BC, is a consumer electronics company that develops innovative audio equipment, peripherals, and technology for gamers, live streamers, and content creators. The company is committed to delivering premium products that enable the production of studio-quality content, with an award-winning product ecosystem including the BEACN Mic, BEACN Mic Stand, BEACN Mix, and BEACN Mix Create.
Average Trading Volume: 28,443
Technical Sentiment Signal: Sell
Current Market Cap: C$1.98M
For a thorough assessment of BECN stock, go to TipRanks’ Stock Analysis page.