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ImagineAR ( (TSE:IP) ) has shared an update.
ImagineAR Inc. has announced a non-brokered private placement financing of up to $700,000 through the issuance of 23,333,333 units at $0.03 per unit. The proceeds will be used for general working capital, operations, legal, and sales/marketing of products. This move is expected to bolster the company’s financial position and support its ongoing operations and market expansion efforts.
Spark’s Take on TSE:IP Stock
According to Spark, TipRanks’ AI Analyst, TSE:IP is a Underperform.
ImagineAR’s score is significantly impacted by poor financial performance and valuation concerns. While there are promising corporate events that might improve future prospects, the current financial instability and technical analysis suggest caution. The stock’s negative earnings and financial discrepancies pose significant risks that outweigh the potential benefits of recent business developments.
To see Spark’s full report on TSE:IP stock, click here.
More about ImagineAR
ImagineAR Inc. is an augmented reality company that offers an ‘AR-as-a-Service’ platform, enabling sports teams, brands, and businesses to create immersive AR campaigns without requiring programming or technical expertise. Their platform allows users to engage with interactive content through mobile devices, providing real-time analytics and is available as a software development kit for iOS and Android.
Average Trading Volume: 217,252
Technical Sentiment Signal: Sell
Current Market Cap: C$7.15M
For detailed information about IP stock, go to TipRanks’ Stock Analysis page.