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RevoluGROUP Canada ( (TSE:REVO) ) has provided an update.
RevoluGROUP Canada Inc. has terminated, for cause, its April 2025 convertible loan agreement with Brinks Resources Limited after determining that the deal could not be lawfully implemented under its current cease trade order and was not aligned with the company’s regulatory obligations and governance standards; the board emphasized that no loan-to-equity conversion occurred, no securities were issued to Brinks, and filings suggesting a 30 million-share ownership position are inconsistent with the company’s records. In parallel, RevoluGROUP has received a letter of intent from Madrid-based Global Capital Opportunities S.L. for a potential strategic investment aimed at incubating ICT and fintech ventures that could feed business to RevoluPAY, and is in talks with a Canadian public company on a compliance-technology partnership via its RP Payments subsidiary, all while it continues to work toward lifting the cease trade order and reviews the treatment of funds advanced under the terminated Brinks financing.
More about RevoluGROUP Canada
RevoluGROUP Canada Inc. is a Vancouver-based financial technology company focused on information and communications technology (ICT) and fintech solutions, notably through its RevoluPAY regulated payments subsidiary and Spanish unit RP Payments S.L. The company aims to build and support complementary digital payment and compliance-focused businesses that can generate commercial opportunities for its core payments platform while maintaining strict regulatory and operational separation.
Technical Sentiment Signal: Sell
Current Market Cap: C$5.18M
Learn more about REVO stock on TipRanks’ Stock Analysis page.