An update from Moovly Media ( (TSE:MVY) ) is now available.
Moovly Media Inc. has announced that its Belgian subsidiary, Moovly NV, has entered insolvency proceedings due to unsuccessful efforts to secure necessary capital for continued operations. An external administrator has been appointed to manage the process and find a suitable party to take over Moovly NV’s assets and operations. This development is specific to the subsidiary and does not affect Moovly Media Inc.’s overall operations.
More about Moovly Media
Moovly is a leading provider of AI-powered creative tools designed for creating marketing, communications, and training videos. The company offers an advanced Studio Editor integrated with millions of assets through a partnership with Getty Images, enabling users to create engaging video content. Moovly’s technologies, such as API and Automator, allow for automation in content creation, including mass video customization and personalized videos. Their clientele includes users from over 300 Fortune 500 companies, small businesses, freelancers, and Ivy League universities.
Average Trading Volume: 16,862
Technical Sentiment Signal: Buy
Current Market Cap: C$1.56M
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