Datable Technology (TSE:DAC) has released an update.
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Datable Technology is set to restructure its financials by consolidating shares at a 10-to-1 ratio, aiming to raise $1 million through a private placement post-consolidation, and replacing nearly $2.9 million in outstanding debentures with new ones maturing in 2026. The company plans to use the funds for working capital and to support a proposed transaction with the Local Marketing Solutions Group. These strategic moves are designed to enhance the company’s capital structure and attract new financing.
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