Intellabridge Technology Corp. (TSE:KASH) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Intellabridge Technology Corp. has amended its interim financial reports and MD&A after a review by the Ontario Securities Commission, revealing plans to discontinue the ‘Kash’ app and focus on developing the Karma card project, expecting to incur approximately USD$1.22 million in launch expenses. The company will also recognize a non-cash asset impairment of USD$252,524 due to the discontinuation of the ‘Kash’ app. These corrected disclosures have led to the company being listed on the OSC’s public list of Refiling and Errors.
For further insights into TSE:KASH stock, check out TipRanks’ Stock Analysis page.