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Rmr Science Technologies ( (TSE:TTGI) ) has shared an announcement.
Turnium Technology Group Inc. has launched a secured debenture and warrant unit offering of up to $4.65 million, with each $1,000 unit comprising a non-convertible, first-lien secured debenture and 4,000 share purchase warrants exercisable at $0.10 for 36 months, subject to TSX Venture Exchange approval. The company plans to use the proceeds primarily to repay existing secured loans, fund an upfront payment and related audit costs for its proposed acquisition of Insentra, cover legal and audit expenses, pay accounts payable, and support sales, marketing, R&D, and general working capital; notably, $2 million earmarked for the Insentra deal is contingent on investors agreeing to advance funds before TSXV approval, underscoring both the strategic importance and regulatory risk associated with the acquisition for Turnium and its stakeholders.
More about Rmr Science Technologies
Turnium Technology Group Inc. is a Vancouver-based global Technology-as-a-Service (TaaS) wholesale provider, delivering connectivity and networking solutions to service providers and enterprise customers. Listed on the TSX Venture Exchange and the Frankfurt Stock Exchange, the company focuses on recurring-revenue technology services and is actively pursuing strategic acquisitions to expand its platform and market reach.
Average Trading Volume: 149,597
Technical Sentiment Signal: Buy
Current Market Cap: C$17.8M
See more insights into TTGI stock on TipRanks’ Stock Analysis page.