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Hemostemix ( (TSE:HEM) ) has issued an announcement.
Hemostemix Inc. announced the closing of its first tranche of a non-brokered private placement, raising $461,230 through the issuance of 4,193,000 units. Each unit consists of a common share and a warrant, with proceeds intended for general working capital and the marketing and sales of VesCell, its proprietary stem cell therapy. The offering involved related party transactions and is subject to regulatory approvals, with securities issued subject to a four-month hold period under Canadian securities laws.
Spark’s Take on TSE:HEM Stock
According to Spark, TipRanks’ AI Analyst, TSE:HEM is a Neutral.
Hemostemix’s stock is primarily hindered by its poor financial performance, characterized by no revenue and high leverage. The technical analysis points to positive momentum, but valuation concerns due to negative earnings are significant. The absence of earnings call data and impactful corporate events limits further insights.
To see Spark’s full report on TSE:HEM stock, click here.
More about Hemostemix
Hemostemix is an autologous stem cell therapy platform company founded in 2003. It specializes in developing, patenting, and selling autologous blood-based stem cell therapy, VesCell (ACP-01), which targets conditions such as peripheral arterial disease, chronic limb threatening ischemia, and congestive heart failure. The company has completed seven clinical studies and published results in peer-reviewed journals, demonstrating the safety and efficacy of its treatments.
Average Trading Volume: 231,505
Technical Sentiment Signal: Sell
Current Market Cap: C$17.48M
For a thorough assessment of HEM stock, go to TipRanks’ Stock Analysis page.