Geekco Technologies Closes First Tranche of Private Placement

Geekco Technologies Corporation Class A ( (TSE:GKO) ) just unveiled an announcement.

Geekco Technologies Corporation announced the successful closure of the first tranche of a private placement, generating $350,000 by issuing 7,000,000 units. This private placement aims to raise a maximum of $600,000 to support general and working capital needs. The issuance includes Class A shares and warrants, with intermediaries receiving potential cash commissions and intermediary warrants. The securities are subject to a resale restriction period and await regulatory approvals. The company also noted the discontinuation of further closings related to a previous private placement that raised $250,000.

More about Geekco Technologies Corporation Class A

Geekco Technologies Corporation operates in the technology sector and is involved in offering innovative technology solutions. Its primary services and products focus on advancing technological capabilities within its market, aiming to serve a broad spectrum of clients with cutting-edge technology solutions.

YTD Price Performance: 193.33%

Average Trading Volume: 59,701

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$5.51M

See more data about GKO stock on TipRanks’ Stock Analysis page.