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Sixty Six Capital Inc ( (TSE:SIX) ) has shared an update.
Sixty Six Capital Inc. has successfully closed a non-brokered private placement financing, raising CAD$3,441,775.40 through the issuance of 24,584,110 common shares. The proceeds will be used for purchasing Bitcoin and general corporate purposes. The transaction involved related parties, with significant shareholders David Rowe and Robert Keith adjusting their holdings. The company utilized exemptions from certain regulatory requirements to expedite the offering.
Spark’s Take on TSE:SIX Stock
According to Spark, TipRanks’ AI Analyst, TSE:SIX is a Neutral.
The overall score reflects a balance of strong technical momentum and strategic corporate expansions in cryptocurrency, counterbalanced by challenges in revenue growth and cash flow management. The relatively high valuation indicates market optimism but may limit upside potential.
To see Spark’s full report on TSE:SIX stock, click here.
More about Sixty Six Capital Inc
Sixty Six Capital Inc. is an investment company specializing in crypto and AI assets.
Average Trading Volume: 81,315
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$19.65M
Find detailed analytics on SIX stock on TipRanks’ Stock Analysis page.