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An announcement from Thinkific Labs ( (TSE:THNC) ) is now available.
Thinkific Labs Inc. announced the closing of approximately C$450,005 from the remaining exercise of a secondary offering over-allotment option, bringing the total proceeds from the offering to approximately C$14,950,005.75. The Rhino Group, which sold the shares, now owns 14.16% of Thinkific’s common shares. This transaction did not provide any proceeds to Thinkific itself, as the funds were directed to the Rhino Group.
The most recent analyst rating on (TSE:THNC) stock is a Hold with a C$3.50 price target. To see the full list of analyst forecasts on Thinkific Labs stock, see the TSE:THNC Stock Forecast page.
Spark’s Take on TSE:THNC Stock
According to Spark, TipRanks’ AI Analyst, TSE:THNC is a Neutral.
Thinkific Labs’ overall stock score is primarily influenced by its financial performance and corporate events. Despite strong revenue growth and positive cash flow trends, persistent net losses and high operating costs impact profitability. Corporate events, such as strategic rebranding and governance improvements, support a positive long-term outlook. Technical indicators and valuation suggest caution due to bearish momentum and a high P/E ratio.
To see Spark’s full report on TSE:THNC stock, click here.
More about Thinkific Labs
Thinkific (TSX:THNC) is an award-winning learning commerce platform that enables academies, experts, and businesses to create and sell online learning experiences, build communities, and grow revenue from a single platform. Serving over 35,000 customers, including companies like GoDaddy and Nasdaq, Thinkific has impacted more than 200 million people worldwide.
Average Trading Volume: 24,955
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$145.5M
Find detailed analytics on THNC stock on TipRanks’ Stock Analysis page.