FintechWerx International Software Services, Inc. (TSE:WERX) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
FintechWerx International Software Services Inc. has successfully settled $25,000 of its debt by issuing 500,000 common shares to certain creditors, including top executives, at $0.05 per share. The transaction, which is considered a related party transaction, adheres to specific exemptions under securities regulations. This strategic financial move is aimed at improving the company’s balance sheet and is part of broader business rationalization efforts.
For further insights into TSE:WERX stock, check out TipRanks’ Stock Analysis page.