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Kovo HealthTech Corporation ( (TSE:KOVO) ) just unveiled an update.
Kovo HealthTech Corporation has announced an extension of its Senior Loan Agreement and Secured Promissory Grid Note with its largest shareholder, Avonlea Ventures #2 Inc., for an additional month. This extension is part of a strategy to improve Kovo’s financial position, as the company is currently facing serious financial difficulties. The transactions were approved by the board, excluding directors with conflicts of interest, and are intended to stabilize the company’s operations.
More about Kovo HealthTech Corporation
Kovo is a versatile technology company focused on AI initiatives to drive innovation across various industries. It is committed to strategic growth opportunities within mid-market Medical Billing firms and aims to integrate broader healthcare sector additions to its portfolio.
Average Trading Volume: 19,851
Technical Sentiment Signal: Sell
Current Market Cap: C$6.19M
Learn more about KOVO stock on TipRanks’ Stock Analysis page.