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The latest update is out from Jackpot Digital ( (TSE:JJ) ).
Jackpot Digital Inc. has announced a non-brokered private placement aiming to raise $1,350,000 by issuing 15,000,000 units at $0.09 per unit. Each unit comprises one common share and a warrant, allowing the purchase of an additional share at $0.10 within five years. The proceeds will support general working capital, with the placement subject to TSX Venture Exchange approval. This move could enhance Jackpot Digital’s financial standing and operational capacity, potentially strengthening its position in the casino technology market.
More about Jackpot Digital
Jackpot Digital Inc. is a prominent player in the casino industry, specializing in the production of dealerless multiplayer electronic poker tables. These tables are designed for use in both cruise ships and land-based regulated casinos. The company offers a comprehensive suite of backend tools that enable casino operators to manage and optimize their poker operations efficiently.
Average Trading Volume: 107,877
Technical Sentiment Signal: Buy
Current Market Cap: C$28.11M
For detailed information about JJ stock, go to TipRanks’ Stock Analysis page.