Green Panda Capital Extends Closing of $300,000 Private Placement

Class 1 Nickel & Technologies ( (TSE:NICO) ) has shared an update.

Green Panda Capital Corp. has extended the closing date of its previously announced non-brokered private placement of up to $300,000, after completing a first tranche on November 26, 2025 that raised $150,000 through the issuance of 3,000,000 common shares at $0.05 per share, subject to a statutory hold period until March 27, 2026. The company now expects to close the remaining tranche or tranches on or before January 26, 2026, pending regulatory approvals from the TSX Venture Exchange, and plans to use the net proceeds for general corporate purposes, underscoring its ongoing efforts to secure working capital and maintain financial flexibility.

The most recent analyst rating on (TSE:NICO) stock is a Hold with a C$0.06 price target. To see the full list of analyst forecasts on Class 1 Nickel & Technologies stock, see the TSE:NICO Stock Forecast page.

Spark’s Take on TSE:NICO Stock

According to Spark, TipRanks’ AI Analyst, TSE:NICO is a Neutral.

The score is held down primarily by very weak financial performance (pre-revenue, persistent losses/cash burn, negative equity and rising debt). Technicals add some support due to recent price strength and positive MACD, but overbought indicators temper that benefit. Corporate updates are mildly positive, while valuation remains challenged by ongoing losses and no dividend support.

To see Spark’s full report on TSE:NICO stock, click here.

More about Class 1 Nickel & Technologies

Green Panda Capital Corp. is a Toronto-based company listed on the TSX Venture Exchange under the symbol GPCC. It operates as a capital pool or investment-focused vehicle, raising funds through equity issuances to pursue corporate objectives and potential transactions in the public markets.

Average Trading Volume: 65,084

Technical Sentiment Signal: Sell

Current Market Cap: C$11.96M

For an in-depth examination of NICO stock, go to TipRanks’ Overview page.