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
Everyday People Financial Inc ( (TSE:EPF) ) has shared an update.
Everyday People Financial Inc. has successfully completed a shares-for-debt transaction, settling approximately $1.4 million of outstanding debt owed to EAM Enterprises Inc. by issuing over 2.2 million common shares. This move is part of the company’s strategy to strengthen its balance sheet, reduce liabilities, and preserve cash resources, thereby supporting its operational and strategic growth objectives. The transaction increases EAM’s ownership to 21% of the company’s shares but does not create a new control person. Additionally, the company has granted 225,000 restricted share units to an officer as part of its incentive plan, further aligning management interests with shareholder value.
More about Everyday People Financial Inc
Everyday People Financial Inc. is a technology-driven financial services provider focused on delivering innovative financial solutions. The company operates in the financial services industry, offering products and services that cater to a diverse market, aiming to enhance financial accessibility and support strategic growth.
Average Trading Volume: 72,032
Technical Sentiment Signal: Buy
Current Market Cap: C$42.49M
Learn more about EPF stock on TipRanks’ Stock Analysis page.