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Waverunner Capital ( (TSE:WRUN) ) just unveiled an announcement.
Waverunner Capital Inc. announced an update on its private placement, which was delayed to ensure regulatory compliance and finalize the disposal of an investment. The company is proceeding with a non-brokered private placement of 4.9 million common shares at $0.05 per share, aiming to raise $245,000. The funds will be used to strengthen working capital, settle outstanding payables, and support future business development. This move is expected to provide the necessary working capital to restart the process of rebuilding stakeholder value, pending regulatory approvals.
More about Waverunner Capital
Waverunner Capital Inc. is a Canadian venture capital investment company focusing on opportunistic investments across various industries. It aims to invest in early-stage, promising companies, providing them with advisory services, mentoring, and access to management expertise. The company holds investments in a consumer-targeted biotechnology venture, a renewable energy developer in the wind and solar sector, and a plant-based wellness company.
YTD Price Performance: -14.29%
Average Trading Volume: 18,222
Technical Sentiment Signal: Sell
Current Market Cap: C$446.5K
Find detailed analytics on WRUN stock on TipRanks’ Stock Analysis page.