Grounded People Apparel, Inc. (TSE:SHOE) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Grounded People Apparel Inc. successfully completed a private financing round, raising $610,000 through the sale of over a million units at $0.60 each, with options for share purchase warrants. Major investor Right Season Investments Corp. has increased its holdings, maintaining approximately 20% of the company’s shares. The funds and additional shares issued for administrative services suggest a strategic move to bolster the company’s financial position and governance.
For further insights into TSE:SHOE stock, check out TipRanks’ Stock Analysis page.