Mobio Technologies (TSE:MBO) has released an update.
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Mobio Technologies Inc. announces the recent completion of the second tranche of bridge financing, securing $160,000 from Code Consulting Limited, and is advancing towards finalizing its full acquisition of Tracksuit Movers Inc. The bridge loan, interest-free and maturing at year-end, will convert into common shares upon the transaction’s completion, aiding Mobio in covering various transaction-related costs.
For further insights into TSE:MBO stock, check out TipRanks’ Stock Analysis page.
