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The latest update is out from V-cube ( (JP:3681) ).
V-cube, Inc. has announced a strategic move to potentially deconsolidate its U.S. subsidiary, TEN Holdings, Inc., by entering into a Stock Purchase Agreement with Lincoln Park Capital Fund, LLC. This agreement, which is contingent upon SEC approval, may alter V-cube’s voting rights in TEN and could lead to its exclusion from V-cube’s consolidated financial statements, reflecting a significant shift in the company’s operational strategy.
More about V-cube
V-cube, Inc. operates in the technology industry and is listed on the Tokyo Stock Exchange. The company primarily focuses on providing communication solutions and services, with a market focus on enhancing connectivity and collaboration.
Average Trading Volume: 150,300
Technical Sentiment Signal: Strong Sell
Current Market Cap: Yen4.48B
For an in-depth examination of 3681 stock, go to TipRanks’ Overview page.