kneat.com (TSE:KSI) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Kneat.com, inc. has successfully completed a $35.6 million bought deal offering, issuing 7.5 million common shares to bolster its strategic initiatives including product development and market expansion. The proceeds aim to strengthen the company’s balance sheet and offer flexibility in managing its debt. The offering was led by Cormark Securities Inc. and included Canaccord Genuity Corp. as underwriters.
For further insights into TSE:KSI stock, check out TipRanks’ Stock Analysis page.