Katipult Technology ( (TSE:FUND) ) has provided an update.
Katipult Technology Corp. has received a demand letter from its senior secured lenders requiring full repayment of a C$3,000,000 debt, along with a notice of intention to enforce security under Canadian bankruptcy law. The company is exploring options to continue operations, but trading on the TSX Venture Exchange has been halted with expected suspension and potential delisting, while KSV Restructuring Inc. has been appointed as Receiver.
More about Katipult Technology
Katipult Technology Corp. is a provider of award-winning software infrastructure designed to facilitate the exchange of capital in equity and debt markets. Their cloud-based platform streamlines investment workflows by enhancing compliance, reducing transaction redundancy, and accelerating deal flow, while offering adaptability for regulatory and localization requirements.
YTD Price Performance: -50.0%
Average Trading Volume: 4,309
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $500.5K
For an in-depth examination of FUND stock, go to TipRanks’ Stock Analysis page.