SuperBuzz Inc (TSE:SPZ) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
SuperBuzz Inc. has successfully concluded its shares for debt settlement, converting over C$1.1 million of debt into nearly 37 million units and over 3 million common shares, with each unit consisting of a share and a warrant. Post-transaction, Yoel Yogev emerges as a new controlling shareholder, holding beyond the 20% threshold after gaining disinterested shareholder approval. The deal, classified as a ‘related party transaction’, adhered to regulatory exemptions given its valuation did not exceed 25% of the company’s market capitalization.
For further insights into TSE:SPZ stock, check out TipRanks’ Stock Analysis page.