TerraVest Industries, Inc. (TSE:TVK) has released an update.
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TerraVest Industries Inc. has successfully completed an upsized bought deal offering, along with a fully exercised over-allotment, resulting in the issuance of 1,300,000 common shares and raising gross proceeds of $96.525 million. The net proceeds are set to be used for debt repayment and general corporate purposes, with a strategic focus on future acquisitions and growth. TerraVest is a leading manufacturer in various industrial markets, known for its production of heating products and energy processing equipment.
For further insights into TSE:TVK stock, check out TipRanks’ Stock Analysis page.
