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

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

Green Panda Capital Corp. has extended the closing date of its previously announced non-brokered private placement of up to $300,000, now targeting completion of the remaining tranche on or before February 25, 2026, subject to TSX Venture Exchange and other regulatory approvals. The company plans to use the net proceeds for general corporate purposes, underlining its need for incremental working capital as it advances its corporate strategy, while the modest financing size suggests a focus on maintaining operational flexibility rather than undertaking large-scale expansion at this stage.

The most recent analyst rating on (TSE:NICO) stock is a Hold with a C$0.14 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 weak financial performance (pre-revenue profile, ongoing losses/cash burn, negative equity and rising debt). Technicals add some support due to strong momentum and positive MACD, but overbought signals temper that benefit. Valuation is also a headwind because the company remains unprofitable (negative P/E) and there is no dividend yield data.

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

More about Class 1 Nickel & Technologies

Green Panda Capital Corp. is a capital pool company listed on the TSX Venture Exchange, focused on identifying and completing qualifying transactions to create value for shareholders within the Canadian public markets.

Average Trading Volume: 102,182

Technical Sentiment Signal: Sell

Current Market Cap: C$22.07M

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