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Cheelcare Inc. ( (TSE:CHER) ) has shared an announcement.
Cheelcare Inc., a Canadian maker of advanced mobility devices for people with disabilities, focuses on engineering-driven, human-centered products such as its Companion power assist systems and Curio robotic complex-rehab power wheelchair. The company targets the assistive mobility market by delivering solutions that enhance user independence and quality of life.
Cheelcare has arranged an unsecured promissory note financing of up to $1 million from arm’s length strategic investors Pathfinder Asset Management and NameSilo Technologies, bearing 12% annual interest over an 18‑month term. The funds will support working capital, inventory, manufacturing, and general corporate needs, and the lenders will receive 132,450 bonus shares, underscoring continued capital support for Cheelcare’s growth plans in the mobility solutions market.
More about Cheelcare Inc.
Cheelcare Inc. is a Canadian company that designs and manufactures advanced mobility solutions for people with disabilities. Its product lineup includes Companion power assist devices and the Curio robotic complex-rehab power wheelchair, reflecting a focus on engineering-driven, human-centered solutions that enhance independence and quality of life.
Average Trading Volume: 27,236
Technical Sentiment Signal: Buy
Find detailed analytics on CHER stock on TipRanks’ Stock Analysis page.