Chemistree Technology (TSE:CHM) has released an update.
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Chemistree Technology Inc. has completed a major debt restructuring, converting $6.668 million of debt into equity by issuing 666.8 million new common shares to former debenture holders, now owning about 90% of the company. This move significantly alters the company’s share structure, increasing the total outstanding shares to 744.2 million. Chemistree is an investment firm focusing on early-stage companies across various industries, providing capital and strategic support.
For further insights into TSE:CHM stock, check out TipRanks’ Stock Analysis page.