Gratomic Inc (TSE:GRAT) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Gratomic Inc. has announced its plan to convert $1.4 million of its debt into equity by issuing common shares, aiming to strengthen its financial standing and support its growth in the graphite sector, which is key for electric vehicle batteries. The move will settle debts with various creditors, including management fees and expenses advanced by the CEO, pending regulatory approval and adhering to a statutory holding period.
For further insights into TSE:GRAT stock, check out TipRanks’ Stock Analysis page.
