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Fobi AI ( (TSE:FOBI) ) has issued an update.
Fobi AI Inc. has announced a proposed variation to its private placement, seeking approval from the British Columbia Securities Commission to change the conversion price of its convertible debentures. This move is part of a revised offering that involves the sale of unsecured convertible debentures, with the aim of raising up to C$1,495,000. The adjustment in the conversion price is intended to align with the company’s strategic financial objectives and improve its market positioning.
More about Fobi AI
Fobi AI Inc. operates in the technology industry, focusing on artificial intelligence solutions. The company provides data intelligence and digital wallet services, aiming to enhance customer engagement and operational efficiency for businesses across various sectors.
YTD Price Performance: -43.33%
Average Trading Volume: 97,405
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $6.22M
Learn more about FOBI stock on TipRanks’ Stock Analysis page.