LifeSpeak ( (TSE:LSPK) ) just unveiled an update.
LifeSpeak Inc. announced that the Toronto Stock Exchange has deferred its decision on the company’s delisting review until April 14, 2025, following the company’s use of TSX rules related to financial difficulty for a private placement in March 2024. Additionally, LifeSpeak is in default under its senior credit agreement, which has led to a cross-default with its junior lender. The company is actively negotiating with its lenders to address these defaults and is committed to maintaining constructive relationships with them.
More about LifeSpeak
LifeSpeak Inc. is a leading provider of mental, physical, and family wellbeing solutions for employers, health plans, and other organizations worldwide. The company offers a suite of digital solutions, including LifeSpeak Mental Health & Resilience, Wellbeats Wellness, Torchlight Parenting & Caregiving, ALAViDA Substance Use, and LIFT session Fitness, aimed at enhancing individual wellbeing and workplace performance.
YTD Price Performance: -18.31%
Average Trading Volume: 6,296
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$17.15M
See more insights into LSPK stock on TipRanks’ Stock Analysis page.