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The latest announcement is out from Delta Cleantech ( (TSE:RGEN) ).
Regenera Inc. announced a non-brokered private placement of 11,809,612 units at $0.02 per unit, raising up to $236,192.24. Each unit includes one common share and one warrant, allowing the purchase of an additional share at $0.05 within five years. The placement will increase the director’s ownership to over 10% of voting rights, but will not materially affect control. The funds are intended for working capital or debt settlement, with regulatory compliance ensured by exemptions under MI 61-101. Post-placement, Regenera will have 126,882,712 common shares and 52,434,612 warrants outstanding.
Spark’s Take on TSE:RGEN Stock
According to Spark, TipRanks’ AI Analyst, TSE:RGEN is a Neutral.
Delta Cleantech’s financial challenges weigh heavily on its overall score due to declining revenues and profitability issues. However, positive technical indicators and a strategic corporate event provide some support. The strategic sale to Scovan offers a promising avenue for future revenue, but current valuation metrics remain unattractive. The overall score reflects a cautious outlook with potential for improvement if operational efficiencies and financial metrics can be enhanced.
To see Spark’s full report on TSE:RGEN stock, click here.
More about Delta Cleantech
Regenera is a 19-year ESG-driven company recognized globally for its technology leadership in post-combustion CO2 capture, solvent and glycol reclamation, blue hydrogen production, and carbon credit aggregation and management. The company provides solutions to reduce CO2 footprints in the decarbonization of oil, gas, and electricity sectors through its involvement with EmissionTech RX Corp., Assist Energy Solutions Corp., and MethanatorRX Technologies Inc.
Average Trading Volume: 50,292
Technical Sentiment Signal: Sell
Current Market Cap: C$2.88M
See more data about RGEN stock on TipRanks’ Stock Analysis page.