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Jackpot Digital ( (TSE:JJ) ) has provided an announcement.
Jackpot Digital Inc. has entered into agreements with certain debentureholders to settle $155,753.30 of outstanding interest by issuing 1,557,534 common shares at a price of $0.10 per share, with all securities subject to a statutory hold period. The share-for-debt transaction, which remains subject to TSX Venture Exchange approval, helps the company reduce its interest obligations and strengthen its balance sheet through equity, a move that may have implications for existing shareholders through dilution while potentially improving the firm’s financial flexibility.
More about Jackpot Digital
Jackpot Digital Inc. is a Vancouver-based gaming technology company that operates as a positive disruptor in the casino industry. It is a leading provider of electronic poker table games, specializing in dealerless multiplayer electronic poker electronic table games that offer casinos cost-effective, efficient, and revenue-generating alternatives to traditional live-dealer tables, with a focus on enhancing player experience and optimizing operators’ gaming offerings worldwide.
Average Trading Volume: 120,349
Technical Sentiment Signal: Sell
Current Market Cap: C$26.49M
See more data about JJ stock on TipRanks’ Stock Analysis page.