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Jackpot Digital ( (TSE:JJ) ) has issued an announcement.
Jackpot Digital Inc. has successfully closed the first tranche of its convertible debenture financing, raising CAD$1,989,675. The funds will be used to establish a U.S. office, expand the tech team, cover regulatory fees, and support general working capital. The financing includes the issuance of share purchase warrants and involves a related party transaction. The company anticipates closing the remaining portion of the financing by the end of June 2025, reflecting strong investor demand.
More about Jackpot Digital
Jackpot Digital Inc. is a leading manufacturer of dealerless multiplayer electronic poker tables, serving the cruise ship and land-based regulated casino industries. The company is recognized as a positive disruptor in the casino business, offering a robust suite of backend tools for casino operators to optimize their poker operations.
Average Trading Volume: 124,608
Technical Sentiment Signal: Hold
Current Market Cap: C$20.12M
Find detailed analytics on JJ stock on TipRanks’ Stock Analysis page.