Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Frequency Exchange Corp ( (TSE:FREQ) ) has provided an update.
Frequency Exchange Corp. announced a private placement to raise up to $1.5 million through the issuance of 6,000,000 units. The funds will be used to expand the team, upgrade technology, reduce debt, and support marketing efforts, particularly following the expansion of FREmedica’s patented technology rights to include general wellness markets globally. This move positions the company for significant growth and potential partnerships, enhancing its market presence and operational capabilities.
More about Frequency Exchange Corp
Based in British Columbia, Canada, Frequency Exchange Corp. is a publicly traded company focused on global commercialization of ‘NIKKI’, a wellness technology delivering frequency-enhanced wellness programs. The company acquired FREmedica Technologies Inc. in 2022, which is now a wholly owned subsidiary. FREmedica initially developed a Lyme support program and now offers wellness programs addressing issues such as sleep, pain, energy, and immunity through frequency-based technology.
Average Trading Volume: 4,629
Technical Sentiment Signal: Buy
Current Market Cap: C$9.6M
For detailed information about FREQ stock, go to TipRanks’ Stock Analysis page.