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INEO Tech Corp. ( (TSE:INEO) ) has provided an update.
INEO Tech Corp. has announced a non-brokered private placement to raise up to $2,345,000 by issuing common shares. The proceeds will be used for working capital, inventory purchases, customer deployments, and general corporate purposes. This move follows the termination of a previously proposed rights offering and aims to provide existing shareholders with an opportunity to participate in the company’s growth initiatives. The offering is subject to customary conditions and may close in multiple tranches, with securities subject to a statutory hold period.
More about INEO Tech Corp.
INEO Tech Corp. operates in the technology industry, focusing on providing innovative solutions for retail environments. The company specializes in integrating digital advertising and security systems, aiming to enhance customer engagement and store security.
Average Trading Volume: 73,404
Technical Sentiment Signal: Sell
Current Market Cap: C$2.25M
See more insights into INEO stock on TipRanks’ Stock Analysis page.