XTM (TSE:PAID) has released an update.
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XTM Inc. is launching a private placement offering of convertible debentures to raise up to C$7 million, with funds aimed at strengthening the company’s balance sheet and supporting working capital. The debentures offer a 12% annual interest rate and conversion options into company shares, with the offering expected to close by November 7, 2024, subject to regulatory approvals.
For further insights into TSE:PAID stock, check out TipRanks’ Stock Analysis page.