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Therma Bright ( (TSE:THRM) ) just unveiled an update.
Therma Bright Inc. announced its intention to amend the exercise price of 6,250,000 outstanding common share purchase warrants from $0.80 to $0.06 per share, subject to TSX Venture Exchange approval. This amendment, which includes a related party transaction involving insiders, aims to enhance the attractiveness of the warrants while maintaining all other terms, including expiry dates. Additionally, the company has deferred its 2025 annual general meeting to November, pending further updates.
Spark’s Take on TSE:THRM Stock
According to Spark, TipRanks’ AI Analyst, TSE:THRM is a Neutral.
Therma Bright’s overall score is primarily driven by its challenging financial performance and weak technical indicators. The valuation reflects ongoing losses, while positive corporate events provide some potential upside.
To see Spark’s full report on TSE:THRM stock, click here.
More about Therma Bright
Therma Bright Inc. is involved in developing and partnering on innovative diagnostic and medical device technologies that address healthcare challenges. The company is publicly traded on the TSX Venture Exchange, OTCQB, and FSE.
Average Trading Volume: 59,024
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$3.41M
See more data about THRM stock on TipRanks’ Stock Analysis page.