Plurilock Security Inc (TSE:PLUR) has released an update.
Plurilock Security Inc., a provider of cybersecurity solutions, has announced a private placement aiming to raise $4.5M, with units priced at $0.20 each, along with warrants exercisable at increasing prices over a 24-month period. They are also settling a debt with units at the same price and have initiated a repricing of $1.52M in convertible debentures to $0.25 per share, all following a 10-1 stock consolidation. In a separate cost reduction effort, the company’s CTO, Jord Tanner, has left the firm.
For further insights into TSE:PLUR stock, check out TipRanks’ Stock Analysis page.
