INEO Tech Corp. (TSE:INEO) has released an update.
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INEO Tech Corp. has successfully completed the first part of a $4 million financing round, issuing 14 million shares to Coenda Investment Holdings Corp. at $0.05 each. As part of the deal, Coenda, which now holds over 15% of INEO, has rights to nominate a board member, with plans to take a majority stake pending shareholder approval. INEO’s fundraising is intended to expand its retail technology platform, pursue new tech acquisitions, and bolster working capital.
For further insights into TSE:INEO stock, check out TipRanks’ Stock Analysis page.
