LifeSpeak Inc. Strengthens Finances with Private Placement
Company Announcements

LifeSpeak Inc. Strengthens Finances with Private Placement

Lifespeak, Inc. (TSE:LSPK) has released an update.

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.

For further insights into TSE:LSPK stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskLifeSpeak Sees Strong EBITDA Amid Revenue Dip
TipRanks Canadian Auto-Generated NewsdeskLifeSpeak Inc. Schedules Q3 2024 Results Release
TipRanks Canadian Auto-Generated NewsdeskLifeSpeak Secures Bridge Loan and Forbearance Agreements
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App