tiprankstipranks
Volt Carbon Converts Debt into Equity to Bolster Operations
Company Announcements

Volt Carbon Converts Debt into Equity to Bolster Operations

Story Highlights

Volt Carbon Technologies Inc (TSE:VCT) has released an update.

Don't Miss our Black Friday Offers:

Volt Carbon Technologies Inc. has initiated a strategic move to convert over $347,000 of its debt into nearly 17.4 million common shares to optimize cash flow for operations. This decision includes settlements with both an external creditor and key company insiders, such as the current President and CEO. The successful completion of this shares-for-debt transaction is pending approval from the TSX Venture Exchange.

For further insights into TSE:VCT stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Canadian Auto-Generated NewsdeskVolt Carbon Technologies Announces C$600K Private Placement
TipRanks Canadian Auto-Generated NewsdeskVolt Carbon Secures Funding for Aerospace Innovations
TipRanks Canadian Auto-Generated NewsdeskVolt Carbon Technologies Achieves Battery Breakthrough
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App