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The latest announcement is out from Geekco Technologies Corporation Class A ( (TSE:GKO) ).
Geekco Technologies Corporation has closed the first tranche of its non-brokered private placement, raising $500,000 through the issuance of 10 million units priced at $0.05 each, with each unit comprising one Class A common share and one three-year warrant exercisable at $0.05. The proceeds will support marketing initiatives, ongoing development and improvement of the Tell Me application, and general working capital, while the financing structure includes intermediary cash and warrant commissions, a modest related-party subscription by the board chair under MI 61-101 exemptions, a four-month resale restriction on the new securities, and remains subject to final TSX Venture Exchange and other regulatory approvals, underscoring the company’s reliance on equity financing to fund growth in its local marketing platform.
The most recent analyst rating on (TSE:GKO) stock is a Hold with a C$0.05 price target. To see the full list of analyst forecasts on Geekco Technologies Corporation Class A stock, see the TSE:GKO Stock Forecast page.
Spark’s Take on TSE:GKO Stock
According to Spark, TipRanks’ AI Analyst, TSE:GKO is a Neutral.
The score is primarily constrained by weak financial performance (ongoing losses, negative cash flow, and negative equity). Technical indicators are also soft (negative MACD and sub-50 RSI), while valuation provides limited support due to a negative P/E and no dividend. Recent private placement activity modestly offsets risk by potentially improving liquidity.
To see Spark’s full report on TSE:GKO stock, click here.
More about Geekco Technologies Corporation Class A
Geekco Technologies Corporation is a Montréal-based technology company focused on innovative marketing solutions that connect consumers with local businesses. Its flagship Tell Me application uses an interactive map to let users discover nearby shops in real time, access exclusive rewards, and search for jobs, helping retailers boost traffic, visibility and recruitment through a single platform.
Average Trading Volume: 196,217
Technical Sentiment Signal: Buy
Current Market Cap: C$5.18M
See more insights into GKO stock on TipRanks’ Stock Analysis page.