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Everyday People Financial Inc ( (TSE:EPF) ) has shared an update.
Everyday People Financial Corp. has announced a debt settlement initiative, converting a portion of its $5.38 million debt to EAM Enterprises Inc. into 2.44 million common shares at $0.82 per share, effectively reducing its liabilities and preserving cash for strategic growth. This move, subject to TSXV approval, will increase the ownership of Gordon Reykdal, the Executive Chairman, and EAM from 18.7% to 20.8%, showcasing his continued commitment to the company’s financial stability and growth.
More about Everyday People Financial Inc
Everyday People Financial Corp. is a financial service provider focused on enhancing its financial position through initiatives like debt settlement to support its Revenue Cycle Management business pillar. The company is listed on the TSX Venture Exchange (TSXV) and has been guided by its founder and Executive Chairman, Gordon Reykdal.
YTD Price Performance: 32.26%
Average Trading Volume: 106,599
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$41.49M
See more insights into EPF stock on TipRanks’ Stock Analysis page.