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Xigem Technologies ( (TSE:XIGM) ) has provided an update.
Xigem Technologies announced its intention to issue 11,845,666 common shares to settle debts amounting to $355,370, a move aimed at improving its financial position and supporting future growth. This transaction, subject to Canadian Securities Exchange acceptance, involves issuing shares at $0.03 each and includes creditors who are insiders, without creating a new control person for the company.
More about Xigem Technologies
Xigem Technologies Corporation is a technology provider aiming to become a leader in the remote digital economy, which is valued at nearly a trillion dollars. The company offers software solutions like iAgent and EchoDigital, designed to enhance capacity, productivity, and operations for businesses, consumers, and organizations across various digital environments.
YTD Price Performance: -50.0%
Average Trading Volume: 95,994
Technical Sentiment Consensus Rating: Buy
Learn more about XIGM stock on TipRanks’ Stock Analysis page.