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Cardiocomm Solutions ( (TSE:EKG) ) has provided an update.
CardioComm Solutions has completed a shares-for-debt transaction with its four directors, issuing a total of 4,162,500 common shares at $0.01 per share to settle $41,625 in outstanding debt. This transaction, considered a ‘related party transaction,’ is exempt from certain regulatory requirements due to its size relative to the company’s market capitalization. The move helps CardioComm manage its financial obligations and maintain its focus on providing innovative cardiac monitoring solutions.
More about Cardiocomm Solutions
CardioComm Solutions is a global provider of consumer heart monitoring and medical electrocardiogram (ECG) software solutions. The company offers products for recording, viewing, analyzing, and storing electrocardiograms for the diagnosis and management of cardiac patients. These products are distributed worldwide through an external network and a North American-based sales team. CardioComm holds ISO 13485 and ISO 27001 certifications, is HIPAA compliant, and has medical device clearances from the FDA in the USA and Health Canada.
Average Trading Volume: 76,748
Technical Sentiment Signal: Hold
Current Market Cap: C$2.9M
See more data about EKG stock on TipRanks’ Stock Analysis page.