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An update from IQ-AI ( (GB:IBAI) ) is now available.
Imaging Biometrics Limited announced an amendment to its previous announcement regarding the purchase of Kirkstall Limited and a convertible loan note (CLN) with Truetide plc. The conversion price for the CLN is set at £0.0075 per Ordinary Share, with interest accruing at 6% per annum. This financial maneuver allows Truetide the option to convert the loan into shares, potentially impacting IBAI’s capital structure and market positioning.
More about IQ-AI
Imaging Biometrics Limited operates in the medical imaging industry, focusing on developing advanced imaging solutions. The company is known for its innovative products that enhance the accuracy and efficiency of medical imaging, catering to healthcare providers and researchers.
Average Trading Volume: 1,927,114
Technical Sentiment Signal: Hold
Current Market Cap: £2.84M
For an in-depth examination of IBAI stock, go to TipRanks’ Overview page.