Visionary Education Technology Holdings Group ( (GV) ) has issued an update.
On January 31, 2025, Visionary Holdings Inc. announced the issuance and sale of a convertible note worth $1.5 million to an accredited investor. This note, subject to a 10% original issue discount, is convertible into common shares at a price determined by the market conditions. The note is set to mature on January 31, 2026, and ranks senior to other company debts, indicating a strategic move to secure financing while potentially affecting its shareholder structure. The agreement reflects Visionary Holdings’ efforts to strengthen its financial position by leveraging convertible debt, which may influence its market positioning and future equity offerings.
More about Visionary Education Technology Holdings Group
Visionary Education Technology Holdings Group operates in the education technology sector, focusing on providing innovative solutions and services related to educational platforms. The company is headquartered in Toronto, Ontario, Canada.
YTD Price Performance: -31.74%
Average Trading Volume: 246,165
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $7.14M
See more insights into GV stock on TipRanks’ Stock Analysis page.
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