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Jackpot Digital ( (TSE:JJ) ) has provided an announcement.
Jackpot Digital Inc. has announced its plan to raise approximately Cdn$4,167,000 through an unsecured convertible debenture financing. The funds will be used to establish a U.S. office, expand the tech team, cover regulatory licensing fees, obtain industry product certifications, and for general working capital. This strategic move is expected to enhance the company’s operational capabilities and strengthen its market position in the casino industry. The financing is subject to approval by the TSX Venture Exchange, and the securities issued will include a hold period as per applicable securities laws.
More about Jackpot Digital
Jackpot Digital Inc. is a prominent player in the casino industry, known for manufacturing dealerless multiplayer electronic poker tables. The company caters to both cruise ship and land-based regulated casino markets, offering a comprehensive suite of backend tools that enable casino operators to manage and optimize their poker operations efficiently.
YTD Price Performance: 15.38%
Average Trading Volume: 112,216
Technical Sentiment Signal: Hold
Current Market Cap: C$14.18M
For an in-depth examination of JJ stock, go to TipRanks’ Stock Analysis page.