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Wi2Wi Corp ( (TSE:YTY) ) has provided an update.
Wi2Wi Corporation has successfully closed a non-brokered private placement, raising $700,000 through the issuance of 14,000,000 units. Each unit includes one common share and one share purchase warrant, with the proceeds intended to prepay key suppliers and for general working capital. This move aims to secure critical production inventory to meet outstanding customer orders, potentially enhancing Wi2Wi’s operational capabilities and market positioning.
More about Wi2Wi Corp
Wi2Wi Corporation is a specialized electronic component supplier with expertise in frequency control devices and wireless technologies. Its Precision Devices brand is prominent in markets such as avionics, aerospace, industrial equipment, government, and the U.S. military. Founded in 2005, Wi2Wi is headquartered in Middleton, Wisconsin, where it also has its design center and manufacturing facility.
Average Trading Volume: 324,619
Technical Sentiment Signal: Sell
Current Market Cap: C$5.53M
For a thorough assessment of YTY stock, go to TipRanks’ Stock Analysis page.