Premier Diversified Holdings (TSE:PDH) has released an update.
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Premier Diversified Holdings Inc. (PDH) is set to convert a significant debt of CAD$5,927,164 into equity, issuing nearly 30 million shares at $0.20 each, amidst a reverse takeover by AJA Health and Wellness and related entities. This strategic move aims to preserve cash for PDH’s ongoing operations and is contingent upon the successful closing of the reverse takeover and requisite TSX Venture Exchange approval.
For further insights into TSE:PDH stock, check out TipRanks’ Stock Analysis page.