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Hydreight Technologies Inc ( (TSE:NURS) ) has shared an announcement.
Hydreight Technologies Inc. has launched a C$10 million bought deal private placement, issuing 2.47 million units at C$4.05 per unit, each comprising one common share and half a warrant exercisable at C$5.27 over 24 months. Led by Canaccord Genuity as sole bookrunner, the financing includes an underwriters’ option to increase the deal by up to 50%, with net proceeds earmarked to accelerate sales growth, expand and create new pharmacy production lines, enhance technology and platform offerings, and bolster working capital, positioning the company to scale its nationwide digital healthcare operations and meet growing demand.
The most recent analyst rating on (TSE:NURS) stock is a Buy with a C$8.50 price target. To see the full list of analyst forecasts on Hydreight Technologies Inc stock, see the TSE:NURS Stock Forecast page.
More about Hydreight Technologies Inc
Hydreight Technologies Inc., listed on the TSX Venture Exchange, OTC and FSE, operates in the digital healthcare industry, providing U.S.-wide technology-enabled healthcare solutions. The company focuses on expanding pharmacy product lines and a nationwide platform that supports multiple verticals, leveraging its digital infrastructure to deliver scalable healthcare services across the United States.
Average Trading Volume: 125,369
Technical Sentiment Signal: Buy
Current Market Cap: C$135M
Learn more about NURS stock on TipRanks’ Stock Analysis page.