Cover Technologies (TSE:PLAS) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- 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.
PlasCred Circular Innovations Inc. has announced an agreement with an investor to receive the first tranche of an Equity Facility worth up to CAD$10 million, involving the subscription of over 739,000 shares and the issuance of warrants. The deal, expected to close by August 23, 2024, also includes a series of financial mechanisms designed to secure the investor’s commitment, such as purchase warrants and a commitment fee payable in cash or shares.
For further insights into TSE:PLAS stock, check out TipRanks’ Stock Analysis page.