TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
An update from INEO Tech Corp. ( (TSE:INEO) ) is now available.
INEO Tech Corp. has announced a rights offering to raise up to $1,683,357 by allowing shareholders to purchase additional common shares at a subscription price of $0.01 per share. The offering aims to prevent triggering change of control rights for key executives by limiting any single party’s acquisition to below 50% of shares. The funds raised will be used for inventory purchases, customer deployments, and general expenses, potentially strengthening INEO’s operational capabilities and market position.
More about INEO Tech Corp.
INEO Tech Corp. operates in the technology sector, focusing on in-store retail media and loss prevention. Through its subsidiary, INEO Solutions Inc., the company manages the INEO Media Network, a digital signage and retail analytics platform, along with INEO Retail Media.
Average Trading Volume: 72,710
Technical Sentiment Signal: Sell
Current Market Cap: C$3M
Learn more about INEO stock on TipRanks’ Stock Analysis page.