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Telescope Innovations Corp ( (TSE:TELI) ) has issued an announcement.
Telescope Innovations Corp has successfully closed the first tranche of its private placement, raising $5.2 million through the issuance of over 20 million common shares. This funding will accelerate the development of their Self-Driving Laboratory and DirectInject-LC™ product line, and enhance business development capabilities to support distribution partners globally.
More about Telescope Innovations Corp
Telescope Innovations Corp is a chemical technology company focused on developing scalable manufacturing processes and tools for the pharmaceutical and chemical industries. The company specializes in creating flexible robotic platforms and artificial intelligence software to enhance experimental throughput, efficiency, and data quality, aiming to address significant challenges in health and sustainability.
Average Trading Volume: 74,042
Technical Sentiment Signal: Buy
Current Market Cap: C$20.14M
For an in-depth examination of TELI stock, go to TipRanks’ Overview page.