Visionstate ( (TSE:VIS) ) just unveiled an update.
Visionstate Corp. has successfully closed an over-subscribed private placement, raising $455,000 through the issuance of 18,200,000 units. This financing will support Visionstate’s growth initiatives, including expanding its WANDA solution into the US market, enhancing sales support, and investing in digital advertising and AI model development for facility management. The move is expected to bolster Visionstate’s market reach and diversify its revenue streams, reinforcing its commitment to delivering innovative technology solutions that improve operational efficiencies and customer experiences.
More about Visionstate
Visionstate Corp. is a growth-oriented company specializing in the research and development of innovative technologies in the fields of the Internet of Things (IoT), big data, analytics, and sustainability. Through its subsidiary, Visionstate IoT Inc., the company enhances operational efficiencies, reduces costs, and boosts customer satisfaction with advanced devices that track and monitor guest activities. Visionstate’s WANDA smart device is utilized in various public facilities across North America, including hospitals, airports, and shopping centers.
YTD Price Performance: -33.33%
Average Trading Volume: 151,500
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$4.8M
See more data about VIS stock on TipRanks’ Stock Analysis page.