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PUDO Inc ( (TSE:PDO) ) has issued an announcement.
PUDO Inc. announced a private placement and debt settlement involving the issuance of up to 4,629,630 common shares to improve its financial position and support future growth. This initiative aims to solidify PUDO’s balance sheet by settling $400,000 in trade accounts payable with stock, providing the company with increased capital flexibility to expand its customer base and operational network, especially in the United States, and allowing both creditors and investors to participate under equal terms.
More about PUDO Inc
PUDO Inc. is North America’s only independent parcel pick-up and drop-off counter network, partnering with retailers and logistics providers to offer a last-mile pick-up and returns network for e-commerce shoppers. The company operates a network of over 1,200 PUDOpoint Counters, strategically located to enhance convenience, cost-effectiveness, and package security in the last-mile delivery segment.
YTD Price Performance: -22.86%
Average Trading Volume: 5,286
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$3.68M
For an in-depth examination of PDO stock, go to TipRanks’ Stock Analysis page.
