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Principal Technologies ( (TSE:PTEC) ) has issued an update.
Principal Technologies Inc. has announced the early completion of its second round of private placement financing, initially planned for October 2025, to support its Licence of Technology Agreement with Oxford University Innovation Limited. The company will issue 2,080,000 common shares at a price of $0.30 per share, raising $624,000, which is a 13% premium to the market. The proceeds will be used to meet research and development funding obligations and for general corporate purposes. This strategic move, fully allocated to a significant shareholder, highlights the company’s proactive approach in securing necessary funds and strengthening its position in the healthcare technology investment sector.
More about Principal Technologies
Principal Technologies Inc. is an international healthcare technologies investor focused on developing a portfolio of profitable healthcare technology assets. The company targets technologies with global distribution potential and intellectual property that can enhance medical treatment quality, cost efficiency, patient pathway optimization, and the implementation of point of care technologies.
Average Trading Volume: 36,149
Technical Sentiment Signal: Buy
Current Market Cap: C$12.23M
See more insights into PTEC stock on TipRanks’ Stock Analysis page.