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Venzee Technologies ( (TSE:VENZ) ) has issued an announcement.
Venzee Technologies has closed its previously announced acquisition of the Jasper Product Information Management (PIM) SaaS business from Digital Commerce Payments for CAD$2.85 million, paid entirely in 30 million common shares. The deal gives Venzee a perpetual license to the Jasper software and related business assets, enhancing its product data management capabilities for e-commerce merchants while assuming only ordinary-course post-closing liabilities, and is accompanied by escrow conditions on the new shares and a concurrent settlement of outstanding debt via equity conversion. Together with a completed $1 million private placement and a proposed corporate name change, the transaction and related balance sheet measures mark a strategic effort to strengthen Venzee’s capital structure, expand its technology offering and reposition the company within the digital commerce infrastructure market.
The most recent analyst rating on (TSE:VENZ) stock is a Hold with a C$0.09 price target. To see the full list of analyst forecasts on Venzee Technologies stock, see the TSE:VENZ Stock Forecast page.
Spark’s Take on TSE:VENZ Stock
According to Spark, TipRanks’ AI Analyst, TSE:VENZ is a Neutral.
The score is held down primarily by very weak financial performance (persistent losses, negligible recent revenue, and ongoing cash burn) and an unfavorable valuation signal (negative P/E). Technical indicators are mixed/neutral, while recent corporate actions (planned acquisition and debt settlement) provide some upside potential but remain execution-dependent.
To see Spark’s full report on TSE:VENZ stock, click here.
More about Venzee Technologies
Venzee Technologies Inc., listed on the TSX Venture Exchange, operates in the e-commerce technology sector, providing software solutions that help online merchants manage and distribute product data more efficiently. Through tools like product information management and data synchronization services, the company targets retailers, brands and digital commerce players seeking to streamline inventory and product content across multiple online platforms.
Average Trading Volume: 35,775
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$4.52M
See more data about VENZ stock on TipRanks’ Stock Analysis page.