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RevoluGROUP Canada ( (TSE:REVO) ) has provided an announcement.
RevoluGROUP Canada Inc. has announced a corporate update focusing on shareholder engagement and governance improvements. The company has received a proposal from the RevoluGROUP Proxy Shareholder Group, which holds over 10% of the company’s shares, aimed at enhancing governance and restoring transparency. The proposal includes appointing a new director, negotiating with creditors, and securing a loan to manage debts. The company is actively engaging with the group to align on priorities and plans to hold an Annual General Meeting following the completion of its audited financial statements. This initiative is seen as a positive step towards improved accountability and governance, with the company securing necessary funding to lift a current Cease Trade Order and return to regulatory compliance.
More about RevoluGROUP Canada
RevoluGROUP Canada Inc. is a publicly traded company specializing in digital payments and related technology.
Technical Sentiment Signal: Sell
Current Market Cap: C$5.18M
Learn more about REVO stock on TipRanks’ Stock Analysis page.