Lifespeak, Inc. (TSE:LSPK) has released an update.
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LifeSpeak Inc., a prominent wellness solutions provider, has successfully completed a non-brokered private placement, issuing over 8 million common shares at roughly $0.61 each, with proceeds of about $5 million. The funds will mainly go towards reducing the company’s senior debt to $66.4 million, with an anticipated quarterly repayment of $1.8 million throughout 2024. This strategic move, supported by LifeSpeak’s management and board, aims to strengthen the company’s financial position while continuing its growth trajectory.
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