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Sabio Holdings ( (TSE:SBIO) ) has shared an announcement.
Sabio Holdings has completed an offering of unsecured debentures, raising CAD$1,802,850. The proceeds will primarily be used to retire existing convertible debt, with any excess allocated for general working capital. The debentures carry a 15% annual interest rate and mature in six months, with an option for extension. The issuance includes a related party transaction, exempt from certain regulatory requirements, and all securities are subject to a statutory hold period.
The most recent analyst rating on (TSE:SBIO) stock is a Buy with a C$1.00 price target. To see the full list of analyst forecasts on Sabio Holdings stock, see the TSE:SBIO Stock Forecast page.
More about Sabio Holdings
Sabio Holdings is a technology and services leader in the ad-supported streaming space, providing a cloud-based, end-to-end technology stack that helps global brands and agencies reach, engage, and validate streaming audiences. The company offers a proprietary ad-serving technology platform and App Science™, a non-cookie-based SaaS analytics platform with AI capabilities, along with Creator Television®, a creator-led streaming network.
Average Trading Volume: 33,297
Technical Sentiment Signal: Sell
Current Market Cap: C$33.35M
For detailed information about SBIO stock, go to TipRanks’ Stock Analysis page.