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The latest announcement is out from New Wave Esports ( (TSE:NWAI) ).
New Wave Holdings Corp. has announced debt settlement agreements totaling $348,640, which will be settled by issuing 6,972,800 common shares at a price of $0.05 per share. This move aims to address outstanding fees owed to service providers, with the issuance subject to regulatory approvals and a statutory four-month hold period. This strategic financial maneuver could potentially strengthen New Wave’s financial position and enhance its operational flexibility.
More about New Wave Esports
New Wave Holdings Corp. is an investment issuer focused on supporting innovative and fast-growing companies in the esports, NFT, Metaverse, Blockchain, and Web3 sectors. The company is also exploring opportunities in the emerging AI market.
Average Trading Volume: 16,761
Technical Sentiment Signal: Sell
Current Market Cap: C$430.4K
Learn more about NWAI stock on TipRanks’ Stock Analysis page.