INEO Tech Corp. (TSE:INEO) has released an update.
INEO Tech Corp. has secured a $4 million investment from Coenda Investment Holdings, which will purchase 80 million common shares in two tranches, granting Coenda significant ownership and the right to nominate a board director. The first tranche will make Coenda a 15.53% shareholder, with the second tranche potentially leading to a 52.68% majority stake, contingent on shareholder approval. Funds from this investment will be used for expanding INEO’s retail technology platform, acquiring new technologies, and for general corporate purposes.
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