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Sabio Holdings ( (TSE:SBIO) ) has shared an update.
Sabio Holdings has announced a proposed shares-for-debt transaction to issue 162,477 common shares at a deemed price of CAD $0.517 to settle CAD $84,000 of interest on secured convertible notes. This move is part of a strategy to manage interest payments on notes issued in a previous private placement. The transaction is pending approval from the TSX Venture Exchange and reflects Sabio’s efforts to optimize its financial operations and maintain its position in the ad-tech industry.
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 industry, based in Los Angeles. The company offers a cloud-based, end-to-end technology stack that collaborates with top global brands and agencies to reach, engage, and validate streaming audiences. Sabio’s offerings include a proprietary ad-serving technology platform, App Science™ analytics, and Creator Television®.
Average Trading Volume: 24,801
Technical Sentiment Signal: Buy
Current Market Cap: C$48.58M
See more insights into SBIO stock on TipRanks’ Stock Analysis page.