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ReGen III Corp ( (TSE:GIII) ) has issued an announcement.
ReGen III Corp has announced a non-brokered private placement financing of up to 10,000,000 units at a price of $0.20 per unit, aiming to raise up to $2,000,000. The proceeds will be used for general corporate purposes and working capital, with each unit consisting of one common share and a warrant to purchase an additional share. The offering is subject to regulatory approvals, and the company may pay finder’s fees in compliance with applicable laws.
Spark’s Take on TSE:GIII Stock
According to Spark, TipRanks’ AI Analyst, TSE:GIII is a Underperform.
ReGen III Corp’s overall score is low due to significant financial challenges, including zero revenue, negative profitability, and high leverage. While technical indicators suggest some positive market momentum, poor financial health and unattractive valuation significantly outweigh these factors.
To see Spark’s full report on TSE:GIII stock, click here.
More about ReGen III Corp
ReGen III Corp is a clean technology company that specializes in the upcycling of used motor oil into high-value Group III base oils. The company focuses on creating sustainable solutions that offer better environmental outcomes and compelling economics, with its ReGen™ process expected to significantly reduce CO2 emissions compared to traditional methods. ReGen III aims to become the world’s largest producer of sustainable re-refined Group III base oil.
Average Trading Volume: 76,952
Technical Sentiment Signal: Sell
Current Market Cap: C$23.7M
For detailed information about GIII stock, go to TipRanks’ Stock Analysis page.