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Pool Safe ( (TSE:POOL) ) has shared an update.
Pool Safe Inc. has secured TSX Venture Exchange approval to extend the maturity date of a $500,000 senior secured debenture issued in 2021, pushing repayment to May 6, 2026 while leaving all other terms, including the 12% annual interest rate, unchanged. The company also received approval to extend the expiry of 1.6 million common share bonus warrants tied to the same financing to May 6, 2026, with strike price and other conditions intact, signalling continued reliance on existing funding arrangements and providing lenders and warrant holders with prolonged exposure to the company’s performance.
More about Pool Safe
Pool Safe Inc. is a Toronto-based company that designs, develops and distributes the LounGenie, a multipurpose personal poolside attendant aimed at hotels, resorts, waterparks and cruise ships. Positioned within the hospitality and leisure infrastructure market, its product combines secure storage for guests’ belongings with features intended to boost operators’ food-and-beverage sales, speed up customer service and create additional revenue opportunities. The company is publicly listed on the TSX Venture Exchange under the symbol “POOL.”
Average Trading Volume: 82,571
Technical Sentiment Signal: Sell
Current Market Cap: C$4.14M
For detailed information about POOL stock, go to TipRanks’ Stock Analysis page.