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Jackpot Digital ( (TSE:JJ) ) just unveiled an update.
Jackpot Digital Inc. has successfully closed the first tranche of its non-brokered private placement, raising $183,540 through the issuance of 2,039,333 units at $0.09 per unit. The proceeds from this placement will be directed towards general working capital, with each unit comprising one common share and one share purchase warrant, allowing holders to acquire additional shares at $0.14 each over the next five years. This financial move is poised to bolster the company’s operational capabilities and strengthen its market position in the electronic poker table segment.
More about Jackpot Digital
Jackpot Digital Inc. is a leading manufacturer in the casino industry, specializing in dealerless multiplayer electronic poker tables for cruise ships and land-based regulated casinos. The company provides a comprehensive suite of backend tools for casino operators to manage and optimize their poker operations efficiently.
Average Trading Volume: 103,182
Technical Sentiment Signal: Buy
Current Market Cap: C$32.08M
For a thorough assessment of JJ stock, go to TipRanks’ Stock Analysis page.