Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Element Nutritional Sciences Inc ( (TSE:MUSL) ) has shared an update.
Promino Nutritional Sciences Inc. has scrapped a previously announced secured convertible debenture financing and instead plans to raise up to $1 million, potentially increasing to $1.5 million, through a new non-brokered private placement of up to 75 million units priced at $0.02 each, with each unit comprising a common share and a warrant exercisable at $0.06 for 12 months. The company intends to deploy the proceeds primarily to accelerate growth by investing in inventory and for general corporate purposes, with the offering expected to close around January 30, 2026, subject to Canadian Securities Exchange and other regulatory approvals, underscoring Promino’s effort to strengthen its capital structure and support operational expansion in a tightly regulated financing environment.
More about Element Nutritional Sciences Inc
Promino Nutritional Sciences Inc. is a Canadian innovation company specializing in science-based, clinically proven nutrition products for muscle health and recovery. Its flagship product, Rejuvenate Muscle Health™, is a clinically researched amino acid formula aimed at rebuilding and restoring muscle tissue, while its Promino™ line is NSF Certified for Sport® and endorsed by high-profile professional athletes, positioning the brand within both consumer health and elite sports performance markets.
Average Trading Volume: 463,246
Technical Sentiment Signal: Sell
Current Market Cap: C$2.73M
See more data about MUSL stock on TipRanks’ Stock Analysis page.