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Pool Safe ( (TSE:POOL) ) has shared an announcement.
Pool Safe Inc. has amended its credit agreement with Intrexa Ltd., maintaining its line of credit at $3.5 million while increasing the interest rate from 8% to 10% per annum. The maturity date of the credit facility has been extended to May 31, 2028. Additionally, Pool Safe will issue 3,000,000 non-transferrable bonus warrants to the lender, allowing the acquisition of common shares at an exercise price of $0.05. These changes are subject to regulatory approvals and reflect strategic financial adjustments to support the company’s operations and market positioning.
More about Pool Safe
Pool Safe Inc. designs, develops, and distributes the LounGenie, a multipurpose personal poolside attendant aimed at enhancing safety, convenience, and peace of mind for guests at hotels, resorts, waterparks, and cruise ships. The LounGenie provides a secure way for vacationers to store their belongings while offering vendors opportunities to increase food and beverage sales and improve customer service. Pool Safe Inc. is publicly traded on the TSX Venture Exchange under the symbol ‘POOL’.
YTD Price Performance: -12.50%
Average Trading Volume: 191,883
Technical Sentiment Signal: Sell
Current Market Cap: C$3.98M
See more insights into POOL stock on TipRanks’ Stock Analysis page.