Therma Bright (TSE:THRM) has released an update.
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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.
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