PR Technology Inc. Receives Partial Revocation Order to Facilitate Private Placement

PR Technology Inc ( (TSE:PRTI) ) has shared an update.

PR Technology Inc. received a partial revocation order from the British Columbia Securities Commission, allowing it to complete a private placement to raise up to $250,000. The funds will be used to file outstanding financial documents and resume trading on the Canadian Securities Exchange. The company remains under a cease trade order by the Ontario Securities Commission. The successful completion of the private placement aims to clear existing financial hurdles and restore full operational status.

More about PR Technology Inc

PR Technology Inc. is a technology company specializing in wireless power transmission (WPT) technology. It offers a range of WPT products and services, focusing on factory automation and rail guided vehicles through its subsidiary, PRT Korea Co., Ltd. The company is also working on wireless chargers for mobile devices, drones, home appliances, and LED lights for toys and fish tanks.

YTD Price Performance: 0%

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: C$1.13M

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