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Principal Technologies ( (TSE:PTEC) ) has shared an update.
Principal Technologies Inc. has successfully closed a non-brokered private placement, raising $624,000 through the issuance of 2,080,000 common shares at $0.30 each. The funds will support the company’s research and development obligations under its License of Technology Agreement with Oxford University Innovation Limited and other corporate purposes. This move strengthens Principal’s financial position and supports its strategic focus on healthcare technology investments, potentially enhancing its market presence.
More about Principal Technologies
Principal Technologies Inc. is a global healthcare technologies investor focused on building a portfolio of profitable healthcare technology companies. The company targets those with global distribution potential and intellectual property that can enhance medical treatment quality, cost efficiency, patient pathway optimization, and point of care technologies implementation.
Average Trading Volume: 36,252
Technical Sentiment Signal: Buy
Current Market Cap: C$12.23M
For an in-depth examination of PTEC stock, go to TipRanks’ Overview page.