Graphex Group Limited Sponsored ADR (GRFX) has released an update.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Graphex Group Limited has announced the issuance of 2,400,000 new shares as consideration for the appointment of Maxim Group LLC as the company’s consulting advisor in the United States. The shares, which represent about 0.27% of the existing issued shares, will be used to compensate Maxim for services including strategic planning, capitalization advice, and investor relations. The deal, conducted under the general mandate without requiring further shareholder approval, aims to broaden the company’s shareholder base and enhance corporate communication strategies.
For further insights into GRFX stock, check out TipRanks’ Stock Analysis page.