An update from Inverite Insights ( (TSE:INVR) ) is now available.
Inverite Insights Inc. has completed a shares-for-debt issuance, settling CAD$1,323,748.31 in loans, accrued interest, and accounts payable by issuing 26,474,966 units. Insiders and related parties acquired a significant portion of these units, representing approximately 8.65% of the issued common shares, with potential to increase to 15.9% if associated warrants are exercised. This transaction is considered a ‘related party transaction’ under CSE policies, but Inverite is exempt from certain requirements due to the transaction’s value relative to the company’s market capitalization.
More about Inverite Insights
Inverite Insights Inc. is a Vancouver-based, AI-driven software provider specializing in real-time financial data. The company empowers businesses to transact more effectively with consumers through innovative solutions for data enrichment, identity, risk management, and compliance, leveraging a vast database of over 25 billion financial data points from more than 6.0 million unique Canadian consumer transactions.
YTD Price Performance: 32.35%
Average Trading Volume: 64,962
Technical Sentiment Signal: Sell
Current Market Cap: $6.32M
For detailed information about INVR stock, go to TipRanks’ Stock Analysis page.