BioNxt Solutions (TSE:BNXT) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
BioNxt Solutions has successfully closed the third tranche of its non-brokered private placement, raising $1,400,000 through convertible debentures. The debentures, which carry an 8% annual interest, can be converted into common shares at a set price, with the proceeds aimed at product development and other operational needs.
For further insights into TSE:BNXT stock, check out TipRanks’ Stock Analysis page.