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SQID Technologies Ltd. ( (TSE:SQID) ) has issued an announcement.
SQID Technologies Limited plans to close a private placement on December 29, 2025, issuing 7.2 million common shares at $0.005 per share to raise CAD $36,000 for general working capital and to settle certain non-arm’s length payables, with all shares subject to a four-month-plus-one-day trading restriction. Company directors Michael Clarke and Athan Lekkas will participate in the financing, increasing their holdings to 8.71% and 16.93% of the company’s shares respectively, while the transaction is not expected to result in any change of control, signaling modest balance-sheet support without altering SQID’s governance structure.
Spark’s Take on TSE:SQID Stock
According to Spark, TipRanks’ AI Analyst, TSE:SQID is a Underperform.
SQID Technologies Ltd. has significant financial challenges with declining revenues and persistent losses. Technical and valuation analyses are unfavorable, with no data from earnings calls or corporate events to provide positive insights. Overall, the stock score reflects these difficulties, suggesting caution for potential investors.
To see Spark’s full report on TSE:SQID stock, click here.
More about SQID Technologies Ltd.
SQID Technologies Limited is an Australian-based financial technology company focused on payment solutions and investment portfolio management. Through its partner platform Merchant Warriors, it provides merchant services and payment transaction processing for business merchants and e-commerce customers, serving both business-to-business and business-to-consumer segments.
Technical Sentiment Signal: Buy
Current Market Cap: C$72.08K
Find detailed analytics on SQID stock on TipRanks’ Stock Analysis page.