Blackline Safety (TSE:BLN) has released an update.
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Blackline Safety Corp. has successfully completed a financing round, securing approximately $34.6 million through a combination of a bought deal offering and a private placement. The funds will enhance the company’s equipment leasing program, further the application of AI to its extensive worksite data, and support general corporate needs. DAK Capital Inc. has notably increased its stake to nearly 26% of Blackline, signaling strong investment interest.
For further insights into TSE:BLN stock, check out TipRanks’ Stock Analysis page.
