Clear Blue Technologies Adjusts Debt Settlement and Ownership Structure

Clear Blue Technologies International, Inc. ( (TSE:CBLU) ) has issued an update.

Clear Blue Technologies International Inc. announced a correction regarding its recent shares for debt settlement and private placement. The company settled approximately $8.77 million of indebtedness by converting it into units, which included common shares and purchase warrants. As part of this transaction, BDC Capital Inc. converted $2.2 million into units, significantly increasing its ownership stake in Clear Blue from 3.93% to 16.88% on a non-diluted basis. This strategic move potentially strengthens BDC’s influence and interest in the company’s future developments.

More about Clear Blue Technologies International, Inc.

Clear Blue Technologies International Inc. operates in the technology sector, focusing on the development and provision of smart off-grid power solutions. These solutions are designed to provide reliable and sustainable power for various applications, including telecommunications and street lighting, with a market focus on areas with limited grid access or where off-grid power is preferred.

YTD Price Performance: 25.00%

Average Trading Volume: 264,692

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$3.11M

For a thorough assessment of CBLU stock, go to TipRanks’ Stock Analysis page.