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Carbeeza Inc ( (TSE:AUTO) ) has shared an update.
Carbeeza Inc. has applied to the TSX Venture Exchange to extend the expiry date and reduce the exercise price of 4,700,000 common share purchase warrants. The company aims to extend the expiration of 4,000,000 warrants issued in March 2024 by one year to September 2026 and reduce the exercise price from $0.25 to $0.15. Additionally, 700,000 warrants issued in July 2024 will have their expiration extended by one year to January 2027, with the exercise price reduced from $0.20 to $0.15. These changes are pending approval from the TSX Venture Exchange and are intended to enhance the attractiveness of the warrants to non-insider holders.
Spark’s Take on TSE:AUTO Stock
According to Spark, TipRanks’ AI Analyst, TSE:AUTO is a Underperform.
Carbeeza Inc’s stock is significantly impacted by its dire financial situation, marked by insolvency risks and lack of revenue. Weak technical indicators and a negative valuation further contribute to a low overall score, underscoring the urgent need for financial turnaround strategies.
To see Spark’s full report on TSE:AUTO stock, click here.
More about Carbeeza Inc
Carbeeza Inc. is a Canadian-based software company focused on the automotive marketplace. It offers a platform that utilizes Artificial Intelligence to predict optimal financing scenarios for consumers while maintaining their anonymity. The technology facilitates the car buying process directly through mobile devices, benefiting both consumers and auto dealers.
Average Trading Volume: 24,870
Technical Sentiment Signal: Hold
Current Market Cap: C$6.27M
Find detailed analytics on AUTO stock on TipRanks’ Stock Analysis page.