ThreeD Capital Upsizes Private Placement to $696,000

An update from ThreeD Capital ( (TSE:IDK) ) is now available.

ThreeD Capital Inc. has announced an increase in its non-brokered private placement financing, intending to issue up to 11,600,000 units at $0.06 per unit, totaling up to $696,000. This move, involving insider participation, is aimed at bolstering general working capital and investments, with the transaction subject to Canadian Securities Exchange approval.

Spark’s Take on TSE:IDK Stock

According to Spark, TipRanks’ AI Analyst, TSE:IDK is a Neutral.

ThreeD Capital’s overall score reflects its solid equity base with no debt, which is a strength, but significant challenges in profitability, revenue stability, and valuation weigh heavily on the stock’s performance. The neutral technical indicators suggest limited immediate upside potential, while the strategic developments have yet to materially impact financial outcomes.

To see Spark’s full report on TSE:IDK stock, click here.

More about ThreeD Capital

ThreeD Capital Inc. is a publicly-traded Canadian venture capital firm that focuses on opportunistic investments in junior resources and disruptive technologies sectors. The company invests in both private and public companies globally, aiming to be a lead investor and providing advisory services and access to its ecosystem.

Average Trading Volume: 266,745

Technical Sentiment Signal: Sell

Current Market Cap: C$5.75M

Learn more about IDK stock on TipRanks’ Stock Analysis page.