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An announcement from Cybeats Technologies Corp. ( (TSE:CYBT) ) is now available.
Cybeats Technologies Corp. has announced a private placement agreement with Beacon Securities Limited to raise a minimum of $3 million through the sale of 30 million units at $0.10 per unit. The proceeds will be used for scaling commercial activities, research and development, and general corporate purposes. Additionally, Cybeats plans to settle debts of up to $1.5 million by issuing 15 million common shares, aiming to improve its financial position to support future growth. Both transactions are subject to regulatory approvals and are expected to close by the end of July 2025.
Spark’s Take on TSE:CYBT Stock
According to Spark, TipRanks’ AI Analyst, TSE:CYBT is a Neutral.
Cybeats Technologies Corp. presents a mixed investment profile. While the company faces significant financial challenges, its growth in contract expansions and market presence through strategic initiatives in cybersecurity provides a positive outlook. Technical indicators are mixed, and valuation remains weak due to ongoing losses. The most significant factors are the positive corporate events and the need for improving financial stability.
To see Spark’s full report on TSE:CYBT stock, click here.
More about Cybeats Technologies Corp.
Cybeats Technologies Corp. is a leading provider of software supply-chain security solutions, focusing on enhancing the security of software development and deployment processes.
Average Trading Volume: 63,931
Technical Sentiment Signal: Buy
For detailed information about CYBT stock, go to TipRanks’ Stock Analysis page.