NexTech AR Solutions ( (TSE:NTAR) ) has provided an announcement.
Nextech3D.ai has announced a strategic move to sell up to an 80% equity interest in its subsidiary, Toggle3D.ai, to TQG Technologies. This transaction is designed to provide Nextech3D.ai with a non-dilutive cash infusion of $610,000 and facilitate Toggle3D.ai’s growth under new ownership. The deal will be executed in three tranches, with the first involving the acquisition of 11 million shares for $610,000 CAD. The agreement includes provisions for integration and advisory periods, ensuring operational continuity, and a joint public announcement is planned upon finalizing the definitive agreement.
Spark’s Take on TSE:NTAR Stock
According to Spark, TipRanks’ AI Analyst, TSE:NTAR is a Underperform.
NexTech AR Solutions’ overall stock score is low due to significant financial and technical challenges. While recent corporate initiatives and strategic moves show promise, the current financial instability and technical bearishness heavily weigh down the score.
To see Spark’s full report on TSE:NTAR stock, click here.
More about NexTech AR Solutions
Nextech3D.ai is a versatile augmented reality and AI technology company that specializes in creating immersive 3D experiences at scale. The company focuses on crafting high-quality 3D WebAR photorealistic models for manufacturers with CAD files and e-commerce merchants, particularly for platforms like Amazon, using its patented 2D-3D technology.
YTD Price Performance: -3.33%
Average Trading Volume: 369,755
Technical Sentiment Signal: Strong Buy
Current Market Cap: $5.24M
See more data about NTAR stock on TipRanks’ Stock Analysis page.