Lifespeak, Inc. (TSE:LSPK) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
LifeSpeak Inc. has announced a $5 million non-brokered private placement of common shares to reduce debt and comply with financial covenants. The placement involves over 8 million shares, priced according to the market’s five-day volume weighted average, with significant insider participation. The company seeks TSX exemption to surpass insider participation limits, citing serious financial difficulty.
For further insights into TSE:LSPK stock, check out TipRanks’ Stock Analysis page.