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Kovo HealthTech Corporation ( (TSE:KOVO) ) just unveiled an announcement.
Kovo+ Holdings Inc., formerly known as Kovo HealthTech Corporation, announced the successful closure of its non-brokered private placement of units, raising $2,187,950. This move is aimed at improving the company’s financial position and providing working capital, with the issuance of 31,037,333 units to certain insiders being a key part of the transaction. The company utilized exemptions from formal valuation and minority shareholder approval due to its serious financial difficulties, and the transaction was approved by independent directors.
More about Kovo HealthTech Corporation
Average Trading Volume: 47,357
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$6.66M
For a thorough assessment of KOVO stock, go to TipRanks’ Stock Analysis page.