Magnetic North Acquisition (TSE:MNC) has released an update.
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Magnetic North Acquisition Corp. is set to raise up to $11 million through a non-brokered private placement of Series A Preferred Shares, with a significant portion already subscribed by a US-based private equity firm. The proceeds will be used for investments and corporate purposes, contingent on conditions including the receipt of funds and regulatory approval.
For further insights into TSE:MNC stock, check out TipRanks’ Stock Analysis page.