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Elevate Service Group Inc ( (TSE:SERV) ) has shared an update.
Elevate Service Group Inc. announced the closure of an additional $1.0 million non-brokered private placement, issuing 953,000 common shares at a premium price of $1.05 per share. This move, following their successful public listing, was aimed at accommodating strategic investors and strengthening the company’s balance sheet. The funds will support working capital, organic growth initiatives, and potential strategic acquisitions, reflecting continued investor demand and confidence in Elevate’s growth strategy.
More about Elevate Service Group Inc
Elevate Service Group Inc. is a national facilities management and essential commercial services platform focused on consolidating and modernizing the fragmented sector. With over 20 years of experience, the company partners with national, blue-chip customers to integrate a portfolio of profitable operating businesses across a scalable, national platform, enhancing customer outcomes and expanding market reach. Elevate trades on the TSX Venture Exchange under the ticker ‘SERV’.
Average Trading Volume: 27,113
Technical Sentiment Signal: Buy
Current Market Cap: C$15.95M
Find detailed analytics on SERV stock on TipRanks’ Stock Analysis page.