Vertiqal Studios Closes $1.55M Private Placement and Appoints New Board Member

Wondr Gaming Corp ( (TSE:VRTS) ) has provided an update.

Vertiqal Studios has successfully closed a non-brokered private placement of convertible debentures, co-led by Globacor Capital Inc. and Carriage House Wealth, raising $1,550,000. The proceeds will be used for general working capital purposes, and the debentures are set to mature on May 1, 2027, with a 15% annual interest rate. This move is expected to strengthen the company’s financial position and support its growth initiatives. Additionally, PJ Bujouves has been appointed to the Board of Directors, bringing valuable business analysis skills and industry insight, which are anticipated to drive operational excellence as the company enters its next growth phase.

Spark’s Take on TSE:VRTS Stock

According to Spark, TipRanks’ AI Analyst, TSE:VRTS is a Underperform.

Wondr Gaming’s low overall score is driven by severe financial instability and poor valuation metrics, despite positive corporate developments. The technical outlook suggests potential recovery, but significant risks remain due to financial distress.

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

More about Wondr Gaming Corp

Vertiqal Studios is a digital strategy, creative, and distribution holding company that owns North America’s largest gaming and lifestyle network on social media. The company specializes in creating and distributing viral videos for brands and advertisers, focusing on digital strategies that resonate with Gen Z and Millennial culture. Vertiqal Studios partners with leading brands to offer strategic solutions, creative ideation, and content production.

YTD Price Performance: -50.0%

Average Trading Volume: 290,425

Technical Sentiment Signal: Hold

Current Market Cap: C$6.47M

See more insights into VRTS stock on TipRanks’ Stock Analysis page.