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Braxia Scientific Faces Delisting Amid Asset Sale and Operational Wind-Down

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Braxia Scientific Faces Delisting Amid Asset Sale and Operational Wind-Down

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Braxia Scientific ( (TSE:BRAX) ) has provided an announcement.

Braxia Scientific Corp. has faced significant financial and operational challenges, resulting in its failure to file necessary financial documents, leading to a cease trade order and the suspension of its shares on the Canadian Securities Exchange. The company has completed the sale of nearly all its assets, including the Canadian Rapid Treatment Center of Excellence Inc., leaving it with minimal resources and leading to the decision to wind down operations. The only remaining asset is the intellectual property related to the KetaMD platform, but it is unlikely to generate significant returns to cover existing liabilities.

More about Braxia Scientific

Braxia Scientific Corp. is a company that was involved in operating the Canadian Rapid Treatment Center of Excellence Inc., a wholly-owned subsidiary and clinic operator. The company was engaged in the healthcare industry, focusing on rapid treatment solutions.

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $998.1K

See more data about BRAX stock on TipRanks’ Stock Analysis page.

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