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Metasphere Labs Plans Share Consolidation and Private Placement

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Metasphere Labs Plans Share Consolidation and Private Placement

An update from Looking Glass Labs Ltd. ( (TSE:LABZ) ) is now available.

Metasphere Labs Inc. has announced its upcoming annual general and special meeting on April 2, 2025, where it will seek shareholder approval for a proposed share consolidation and a non-brokered private placement. The share consolidation aims to consolidate ten pre-consolidation shares into one post-consolidation share, potentially impacting the company’s share structure and market perception. The private placement, if approved, will involve issuing up to 10,000,000 units, with proceeds intended for working capital, highlighting the company’s strategic financial planning.

More about Looking Glass Labs Ltd.

Metasphere Labs Inc. is a leader in blockchain, metaverse, and decentralized identity technology.

Average Trading Volume: 59,858

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$3.79M

Find detailed analytics on LABZ stock on TipRanks’ Stock Analysis page.

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