Ynvisible Announces $600,000 Private Placement to Enhance Financial Position

Ynvisible Interactive Inc ( (TSE:YNV) ) has issued an update.

Ynvisible Interactive Inc. has announced a non-brokered private placement to raise up to $600,000 through the issuance of 5,000,000 common shares at $0.12 per share. The proceeds will be used for working capital and general corporate purposes, with insiders potentially participating under certain regulatory exemptions. This move is expected to bolster Ynvisible’s financial position, aiding its operational focus and strategic goals in the display industry.

More about Ynvisible Interactive Inc

Ynvisible Interactive Inc. is a company innovating in the low-cost and ultra-low-power display industry, leveraging sustainable electronics and roll-to-roll printing production. Their products, such as printed e-paper displays, are designed for applications requiring low power and cost efficiency, including digital signage, smart monitoring labels, medical visual indicators, and retail signage. Ynvisible combines expertise in electrochromic materials, inks, and systems with a range of services and technology to support brand owners in creating smart objects and IoT products.

YTD Price Performance: 10.0%

Average Trading Volume: 37,945

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$21.4M

For detailed information about YNV stock, go to TipRanks’ Stock Analysis page.