Datable Technology (TSE:DAC) has released an update.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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.
For further insights into TSE:DAC stock, check out TipRanks’ Stock Analysis page.