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PUDO Inc ( (TSE:PDO) ) has shared an announcement.
PUDO Inc. has announced an increase in the size of its non-brokered private placement due to strong demand, now intending to issue up to 3,148,148 common shares at $0.135 each, aiming to raise up to CDN$425,000. The proceeds from this private placement will be used for general working capital, while the terms of the concurrent debt settlement remain unchanged. This move reflects PUDO’s strategy to strengthen its financial position and support its operations in the competitive logistics and e-commerce industry.
More about PUDO Inc
PUDO Inc. is North America’s only independent parcel pick-up and drop-off counter network, operating through a network of over 1,200 PUDOpoint Counters. The company partners with retailers and logistics providers to offer a last-mile pick-up and returns network for e-commerce shoppers, aiming to reduce costs, increase convenience, and enhance package security.
Average Trading Volume: 4,809
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$4.91M
For a thorough assessment of PDO stock, go to TipRanks’ Stock Analysis page.
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