Plurilock Pays Debenture Interest in Shares to Preserve Cash

An announcement from Plurilock Security Inc ( (TSE:PLUR) ) is now available.

Plurilock Security Inc. has issued 312,188 common shares at a price of $0.2042 per share to satisfy $63,750 in interest owed on its outstanding 10% unsecured convertible debentures, comprising September 2022 and October 2025 issuances totaling $3.275 million in principal. The move effectively preserves cash by using equity to meet debt-servicing obligations, underscoring the company’s reliance on capital markets as it continues to position itself as a key cybersecurity integrator for government and large enterprise clients.

The most recent analyst rating on (TSE:PLUR) stock is a Hold with a C$0.20 price target. To see the full list of analyst forecasts on Plurilock Security Inc stock, see the TSE:PLUR Stock Forecast page.

Spark’s Take on TSE:PLUR Stock

According to Spark, TipRanks’ AI Analyst, TSE:PLUR is a Neutral.

Plurilock’s overall stock score is primarily impacted by its weak financial performance and valuation, reflecting significant risks. However, positive corporate events and mild technical momentum provide some optimism for future growth.

To see Spark’s full report on TSE:PLUR stock, click here.

More about Plurilock Security Inc

Plurilock Security Inc. is a services-led, product-enabled, AI-native cybersecurity company that focuses on solving complex cyber challenges in high-stakes environments. Its clients include Five-Eyes governments, NATO-aligned agencies and Global 2000 enterprises, and its Critical Services division delivers operational resilience using proprietary intellectual property and AI-driven playbooks to protect critical infrastructure and essential systems.

Average Trading Volume: 125,595

Technical Sentiment Signal: Sell

Current Market Cap: C$16.14M

For an in-depth examination of PLUR stock, go to TipRanks’ Overview page.