Emerge Commerce Ltd (TSE:ECOM) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
EMERGE Commerce Ltd. is set to amend its senior unsecured convertible debentures by extending the maturity date, reducing the conversion price, and introducing a redemption right that allows repayment in cash or shares. The changes are contingent on approval from both the TSX Venture Exchange and debenture holders, with a meeting scheduled for April 29, 2024, to seek the necessary holder approval.
For further insights into TSE:ECOM stock, check out TipRanks’ Stock Analysis page.