Telescope Innovations Upsizes Private Placement to Boost Operations

Telescope Innovations Corp ( (TSE:TELI) ) just unveiled an announcement.

Telescope Innovations Corp. has announced an increase in its non-brokered private placement due to strong demand, aiming to raise up to $6 million. The funds will be used to improve inventory, enhance infrastructure, and accelerate the development of the Self-Driving Laboratory project, as well as to boost business development capacity, thereby strengthening the company’s operational capabilities and market positioning.

More about Telescope Innovations Corp

Telescope Innovations Corp. is a chemical technology company focused on developing scalable manufacturing processes and tools for the pharmaceutical and chemical industries. The company specializes in building and deploying enabling technologies, including flexible robotic platforms and artificial intelligence software, to enhance experimental throughput, efficiency, and data quality. Their mission is to provide modern chemical technology solutions to address significant challenges in health and sustainability.

Average Trading Volume: 69,711

Technical Sentiment Signal: Buy

Current Market Cap: C$17.72M

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