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Prophecy DeFi Inc ( (TSE:PDFI) ) has shared an announcement.
Prophecy DeFi Inc. plans to raise up to $350,000 through a non-brokered private placement of up to 7 million units priced at $0.05 each, with each unit comprising one common share and one warrant exercisable at $0.10 for five years. The financing, which remains subject to corporate and regulatory approvals and carries a four-month hold period on the securities, is intended to bolster the company’s working capital and cover general and administrative expenses, supporting its broader investment activities in blockchain and decentralized finance ventures.
Spark’s Take on TSE:PDFI Stock
According to Spark, TipRanks’ AI Analyst, TSE:PDFI is a Underperform.
Prophecy DeFi Inc. receives a low overall stock score due to significant financial instability, including negative profit margins and high leverage. The lack of technical analysis data and poor valuation metrics further contribute to the low score. Without improvements or additional data, the stock remains a high-risk investment.
To see Spark’s full report on TSE:PDFI stock, click here.
More about Prophecy DeFi Inc
Prophecy DeFi Inc. is a publicly traded investment company focused on generating returns through capital appreciation and income by investing in technology start-ups in the blockchain and decentralized finance sectors. The company aims to fund innovation, support industry research and create new business opportunities within a coherent DeFi and blockchain ecosystem.
Average Trading Volume: 29,886
Technical Sentiment Signal: Sell
Current Market Cap: C$1.35M
Find detailed analytics on PDFI stock on TipRanks’ Stock Analysis page.