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Looking Glass Labs Ltd. ( (TSE:LABZ) ) has shared an update.
Metasphere Labs Inc. has completed its previously announced debt settlement agreements, issuing over three million common shares to settle outstanding debts totaling $158,545. This strategic move aims to preserve cash for working capital and improve the company’s financial situation, with one insider participating in the settlement. The issuance of shares is part of a related party transaction, exempt from certain regulatory requirements due to its value relative to the company’s market capitalization.
More about Looking Glass Labs Ltd.
Metasphere Labs Inc. specializes in integrating blockchain technology into real-world applications, focusing on environmental sustainability and social impact.
Average Trading Volume: 27,962
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$3.39M
For an in-depth examination of LABZ stock, go to TipRanks’ Stock Analysis page.