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Edge Total Intelligence Inc ( (TSE:CTRL) ) just unveiled an update.
Edge Total Intelligence Inc. announced a loan restructuring involving a conversion feature added to an existing loan with CEO Jim Barrett. The loan, initially a promissory note, has been converted into a convertible note allowing conversion into subordinate voting shares, with the transaction being approved by disinterested directors and subject to TSX Venture Exchange acceptance. This move is classified as a Related Party Transaction under Canadian securities regulations, with exemptions applied due to the company’s market positioning. This restructuring is expected to provide financial flexibility without introducing new funds.
More about Edge Total Intelligence Inc
Edge Total Intelligence Inc. is a leading provider of real-time Digital Twin software, specializing in enhancing and safeguarding AI adoption. Their primary product, edgeCore™, is a digital operations platform that integrates multiple software applications and data sources into a cohesive experience. The company serves global enterprises, service providers, and governments, focusing on improving profitability and agility through its low-code development and composable operations.
YTD Price Performance: -14.49%
Average Trading Volume: 100,742
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$28.32M
See more insights into CTRL stock on TipRanks’ Stock Analysis page.
