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BuildDirect.com Technologies Inc ( (TSE:BILD) ) just unveiled an announcement.
BuildDirect.com Technologies Inc. announced a non-brokered private placement of up to 6,100,000 common shares at $1.15 per share, aiming to raise approximately $7 million. The proceeds will support the company’s growth strategy and general working capital. The participation of its three largest shareholders in this offering constitutes a related party transaction, but the company is exempt from certain regulatory requirements due to the transaction’s size relative to its market capitalization.
More about BuildDirect.com Technologies Inc
BuildDirect.com Technologies Inc. is an expanding omnichannel building materials retailer, specializing in Pro Centers, which are strategic distribution hubs designed to serve professional contractors and trades. The company is actively scaling its footprint through a combination of organic growth and strategic acquisitions, driving efficiency and market expansion.
Average Trading Volume: 10,141
Technical Sentiment Signal: Buy
Current Market Cap: C$65.22M
Find detailed analytics on BILD stock on TipRanks’ Stock Analysis page.