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Wondr Gaming Corp ( (TSE:VRTS) ) has issued an announcement.
Vertiqal Studios has successfully closed a non-brokered private placement of unsecured convertible debentures, raising $2,298,000. The proceeds will be used for general working capital purposes. The debentures, maturing in 2027, offer a 15% annual interest rate and can be converted into common shares under certain conditions. This move is expected to bolster Vertiqal’s financial position and support its operations in the digital media space, further enhancing its market presence and offering innovative advertising solutions.
Spark’s Take on TSE:VRTS Stock
According to Spark, TipRanks’ AI Analyst, TSE:VRTS is a Neutral.
The overall stock score is primarily impacted by the company’s weak financial performance, characterized by high leverage and negative cash flows. Technical analysis shows strong upward momentum, but the overbought condition poses a risk. Valuation is unattractive due to negative earnings and no dividend yield.
To see Spark’s full report on TSE:VRTS stock, click here.
More about Wondr Gaming Corp
Vertiqal Studios is a digital strategy, creative, and distribution holding company that owns North America’s largest gaming and lifestyle network on social media. It specializes in creating and distributing viral videos for brands and advertisers, focusing on Gen Z and Millennial culture. The company manages over 130 channels on platforms like TikTok, Instagram, and Snapchat, producing over 100 pieces of content daily for a large audience.
Average Trading Volume: 244,833
Technical Sentiment Signal: Buy
Current Market Cap: C$21.28M
Find detailed analytics on VRTS stock on TipRanks’ Stock Analysis page.