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INEO Tech Corp. ( (TSE:INEO) ) has provided an update.
INEO Tech Corp. has reached a settlement agreement with COENDA Investments Holdings Corp., resolving a requisition for a special shareholder meeting. As part of the agreement, INEO will appoint David Eaton to its board and initiate a search for a new CFO. Additionally, INEO has entered a licensing agreement with BON Intelligence, affiliated with COENDA, to produce and sell the INEO Welcoming System. The agreement includes standstill provisions and participation rights for COENDA in future equity financing, impacting INEO’s governance and strategic operations.
More about INEO Tech Corp.
INEO Tech Corp., based in Surrey, Canada, operates through its subsidiary INEO Solutions Inc., providing a digital advertising and analytics solution for retailers. The company’s patented technology integrates digital screens with theft detection sensor gates at retail store entrances, utilizing IoT and AI to deliver customized digital advertising. INEO also offers a SaaS-based solution for larger retail chains and is publicly traded on the TSX-Venture Exchange and OTCQB-Venture Market.
Average Trading Volume: 71,098
Technical Sentiment Signal: Sell
Current Market Cap: C$5.5M
See more data about INEO stock on TipRanks’ Stock Analysis page.