PanGenomic Health, Inc. Class A (TSE:NARA) 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.
PanGenomic Health Inc. is undertaking a private placement offering to address its $1 million debt through the sale of 20 million units at $0.05 each, with each unit including a share and a warrant. The offering is expected to more than double the current number of issued shares, with the company bypassing shareholder approval due to urgent financial difficulties. The securities issued will be subject to a four-month hold period, with the offering anticipated to close within five business days from the announcement.
For further insights into TSE:NARA stock, check out TipRanks’ Stock Analysis page.