TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
An update from Elixxer ( ($TSE:ELXR.H) ) is now available.
Elixxer Ltd. has announced a debt settlement plan involving the issuance of approximately 83.9 million common shares to settle over $6.9 million in debt. This move, which includes settlements with both arm’s length and non-arm’s length creditors, aims to improve the company’s financial position amid financial difficulties. The settlement requires shareholder approval for specific transactions and is subject to TSX Venture Exchange acceptance. The company is also addressing a legal claim and has announced the resignation of a director, Ferras Zalt, as part of its ongoing restructuring efforts.
More about Elixxer
Elixxer Ltd. operates within the financial and investment industry, focusing on managing debts and financial obligations through strategic settlements and advisory services. The company is engaged in issuing common shares to settle debts, indicating a focus on financial restructuring and improving its financial position.
YTD Price Performance: -92.27%
Average Trading Volume: 9,163
Technical Sentiment Signal: Sell
Current Market Cap: C$963.8K
Learn more about ELXR.H stock on TipRanks’ Stock Analysis page.