Therma Bright (TSE:THRM) has released an update.
Therma Bright Inc., a prominent player in the medical device and diagnostic technology sector, has successfully completed the settlement of $192,500 in debt by issuing 19,25 million common shares at a price of $0.01 each. CEO Rob Fia participated in the settlement, receiving 8.5 million shares, thereby increasing his ownership to approximately 8.8% of the company’s shares. All issued shares are subject to a holding period until October 20, 2024, as per securities regulations.
For further insights into TSE:THRM stock, check out TipRanks’ Stock Analysis page.
