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Scryb ( (TSE:SCYB) ) has issued an announcement.
Scryb Inc. has announced a non-brokered private placement of secured convertible debentures aiming to raise up to $2 million. The funds will be used to further the company’s business development and general working capital. The debentures, bearing an annual interest rate of 12%, will mature within two years, with the lead investor having a one-year maturity term. The company also plans to settle up to $150,000 in outstanding debts through issuing shares, preserving cash for working capital. This strategic move is expected to enhance Scryb’s financial flexibility and support its growth in the tech venture field.
More about Scryb
Scryb Inc. is a company focused on developing and scaling technology ventures in applied artificial intelligence, digital health, cybersecurity, and biotechnology. Its portfolio includes Cybeats Technologies Corp., which is recognized as a leader in cybersecurity.
YTD Price Performance: 0.0%
Average Trading Volume: 3,175
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $3.03M
Find detailed analytics on SCYB stock on TipRanks’ Stock Analysis page.
