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Rmr Science Technologies ( (TSE:TTGI) ) just unveiled an update.
Turnium Technology Group Inc. has completed the first tranche of its previously announced offering of units consisting of secured, non-convertible debentures and share purchase warrants, raising gross proceeds of $3.65 million, with a second tranche of $1 million expected by the end of January 2026. The financing, conditionally approved by the TSX Venture Exchange, will be used primarily to repay existing secured loans, fund the upfront payment and audit costs related to the proposed acquisition of Insentra, cover legal and audit expenses, address accounts payable, and support sales, marketing, R&D, and general working capital, signaling a balance-sheet cleanup and strategic expansion effort that may strengthen Turnium’s financial position and growth prospects within the TaaS sector.
More about Rmr Science Technologies
Turnium Technology Group Inc., listed on the TSX Venture Exchange and Frankfurt Stock Exchange, is a global Technology-as-a-Service (TaaS) wholesale provider. The company focuses on delivering network and connectivity solutions to service providers and enterprise customers, operating in a competitive telecom and cloud networking infrastructure market.
Average Trading Volume: 155,710
Technical Sentiment Signal: Buy
Current Market Cap: C$16.02M
Find detailed analytics on TTGI stock on TipRanks’ Stock Analysis page.