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Waverunner Capital ( (TSE:WRUN) ) has issued an update.
Waverunner Capital Inc. has announced a non-brokered private placement of up to 4,900,000 common shares at $0.05 per share, aiming to raise up to $245,000. This initiative is part of the company’s ongoing restructuring efforts, with the funds intended to strengthen working capital, settle outstanding payables, and support future business development. The company has also sold its investment in ONLP, further solidifying its financial position. These moves are expected to provide the necessary momentum for Waverunner to complete its restructuring process and enhance value for stakeholders.
More about Waverunner Capital
Waverunner Capital Inc. is a Canadian venture capital investment company that focuses on opportunistic investments across various industries. The company aims to invest in early-stage, promising companies, providing not only capital but also advisory services, mentoring, and access to management expertise. Its current holdings include ventures in consumer-targeted biotechnology, renewable energy, and plant-based wellness.
Average Trading Volume: 14,454
Technical Sentiment Signal: Sell
Current Market Cap: C$248.1K
Learn more about WRUN stock on TipRanks’ Stock Analysis page.