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The latest update is out from SPIRIT Blockchain Capital, Inc. ( (TSE:SPIR) ).
Spirit Blockchain Capital Inc. announced the issuance of 4,435,417 common shares as compensation for services provided by directors, officers, and consultants, settling a total of $350,875 owed. This move, part of the Shares for Services Transactions, involves a related party transaction under MI 61-101, exempt from minority approval and formal valuation requirements. The issuance is subject to a hold period and compliance with securities laws, highlighting the company’s strategic approach to managing financial obligations and strengthening its position in the blockchain investment sector.
Spark’s Take on TSE:SPIR Stock
According to Spark, TipRanks’ AI Analyst, TSE:SPIR is a Underperform.
The overall score is driven by significant financial challenges including high leverage, negative equity, and cash flow issues. While there is some revenue growth and technical stability, the valuation lacks clarity due to missing metrics, leading to an overall cautious outlook.
To see Spark’s full report on TSE:SPIR stock, click here.
More about SPIRIT Blockchain Capital, Inc.
Spirit Blockchain Capital is a leading investment company in the blockchain industry, offering a range of opportunities for capital appreciation through its operational business line and asset management business. The company focuses on innovation, strategic investments, and operational excellence to unlock the potential of the digital economy.
Average Trading Volume: 443,807
Technical Sentiment Signal: Sell
For a thorough assessment of SPIR stock, go to TipRanks’ Stock Analysis page.