ZoomAway Eyes Shift to Pre-IPO Investment Strategy

Zoomaway Technologies Inc (TSE:ZMA) has released an update.

ZoomAway Technologies Inc. is planning to transition from a technology company to an investment issuer, aiming to invest in high growth late-stage private ventures, particularly pre-IPO companies. After discontinuing a prior acquisition and resuming stock trading, the company is considering a business model change, which will include raising capital and obtaining necessary approvals. The management strategy involves potentially partnering with AIP Asset Management to oversee investments, although this is still under negotiation.

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