Vsblty Groupe Technologies Corp (TSE:VSBY) has released an update.
VSBLTY Groupe Technologies Corp. has reached an agreement to assume a contract with Winkel Media, projecting an additional $1.7M in annual recurring revenue. The deal includes assuming a $2.16M debt with financing provisions from Creative Climate Capital, LLC, which also entails an equity component of 4.8M 3-year warrants. This strategic move is expected to boost VSBLTY’s margins and support its network’s growth, signaling confidence from its financing partners in the company’s long-term potential.
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