KWESST Micro Systems (TSE:KWE) has released an update.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
KWESST Micro Systems plans to issue 119,047 common shares at a discounted price to settle a $100,000 debt with a company controlled by its Executive Chairman, David Luxton. This move is aimed at preserving the company’s cash position and has been approved by its board of directors. The transaction requires approval from the TSX Venture Exchange and involves a related party transaction exemption.
For further insights into TSE:KWE stock, check out TipRanks’ Stock Analysis page.