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PUDO Inc ( (TSE:PDO) ) just unveiled an announcement.
PUDO Inc. has announced an increase in the size of its non-brokered private placement and concurrent debt settlement due to heightened demand. The company plans to issue up to 2,592,592 common shares to raise approximately $350,000 and settle up to $417,000 in debt with 3,088,888 shares, using the proceeds mainly for general working capital. This move is expected to enhance PUDO’s financial standing and support its operational needs, thereby potentially strengthening its market position in the parcel logistics sector.
More about PUDO Inc
PUDO Inc. is North America’s only independent parcel pick-up and drop-off counter network. It has established a network of over 1,200 PUDOpoint Counters in close proximity to residential and commercial areas. The company collaborates with retailers and logistics providers to offer a convenient and cost-effective last-mile pick-up and returns solution for ecommerce shoppers.
YTD Price Performance: -8.33%
Average Trading Volume: 3,904
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$4.5M
For a thorough assessment of PDO stock, go to TipRanks’ Stock Analysis page.
