TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest announcement is out from Looking Glass Labs Ltd. ( (TSE:LABZ) ).
Metasphere Labs Inc. has announced debt settlement agreements to address outstanding debts totaling $158,545 by issuing 3,019,905 common shares to creditors. This strategic move aims to preserve cash for working capital and improve the company’s financial situation, with the settlement expected to close around May 20, 2025. The involvement of a related party in the transaction is addressed under Multilateral Instrument 61-101, with exemptions applied due to the transaction’s market value. The issuance of shares will be subject to a statutory hold period under Canadian Securities laws.
More about Looking Glass Labs Ltd.
Metasphere Labs Inc. specializes in integrating blockchain technology into real-world applications, with a focus on environmental sustainability and social impact.
Average Trading Volume: 26,858
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$3.19M
See more data about LABZ stock on TipRanks’ Stock Analysis page.