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FWTC and FMAC Complete Strategic Business Merger

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FWTC and FMAC Complete Strategic Business Merger

Forward Water Technologies Corp (TSE:FWTC) has released an update.

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Forward Water Technologies Corp. (FWTC) and Fraser Mackenzie Accelerator Corp. (FMAC) have completed their business combination, creating a consolidated entity operating under FWTC’s banner. This transaction included a share consolidation and exchange, alongside a financing round that raised approximately $1.7 million through subscription receipts, which were subsequently converted into FWTC shares and warrants.

For further insights into TSE:FWTC stock, check out TipRanks’ Stock Analysis page.

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