Powerband Solutions (TSE:PBX) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
PowerBand Solutions Inc. has successfully completed the initial portion of its non-brokered private placement, raising CAD $1,040,000 by issuing 69,333,332 common shares at CAD $0.015 each. The funds from this first tranche will primarily support the company’s growth initiatives and general corporate needs, including lease origination. This fintech company is known for its cloud-based transaction platform, DRIVRZTM, which is revolutionizing vehicle trading and financing experiences in the automotive industry.
For further insights into TSE:PBX stock, check out TipRanks’ Stock Analysis page.