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Vext Science ( (TSE:VEXT) ) has issued an update.
Major shareholder Jason T. Nguyen has reduced his stake in Vext Science, Inc. following a share conversion and sale transaction that modestly diluted his ownership while leaving him as the controlling shareholder. Nguyen sold 20,340 Class A Multiple Voting Shares, which were converted into Subordinate Voting Shares under the company’s articles, cutting his holdings from 73.3% to 72.5% of the Multiple Voting Shares and from about 20.5% to 19.7% of the Subordinate Voting Shares on a partially diluted basis. The US$305,100 in proceeds was paid to Vext as partial repayment of a promissory note, slightly improving the company’s balance sheet while signaling that Nguyen, who remains a dominant insider, may adjust his position in the future depending on market and financing conditions.
The most recent analyst rating on (TSE:VEXT) stock is a Hold with a C$0.34 price target. To see the full list of analyst forecasts on Vext Science stock, see the TSE:VEXT Stock Forecast page.
Spark’s Take on TSE:VEXT Stock
According to Spark, TipRanks’ AI Analyst, TSE:VEXT is a Neutral.
Vext Science’s overall score is driven by positive technical momentum and earnings call insights, despite weak financial performance and valuation. Revenue growth and cash flow improvements are promising, but profitability challenges and market pressures in Arizona weigh heavily on the score.
To see Spark’s full report on TSE:VEXT stock, click here.
More about Vext Science
Vext Science, Inc. is a U.S.-based company headquartered in Phoenix, Arizona. It has a dual-class share structure, consisting of Class A Multiple Voting Shares and Subordinate Voting Shares, which concentrates voting power among key insiders while providing broader equity participation through Subordinate Voting Shares.
Average Trading Volume: 56,205
Technical Sentiment Signal: Buy
Current Market Cap: C$63.16M
For a thorough assessment of VEXT stock, go to TipRanks’ Stock Analysis page.