LifeSpeak's Venture Continues with $5M Private Placement
Monday, 4 March 2024, 14:03
LifeSpeak Announces $5M Private Placement Offering
LifeSpeak has revealed plans to launch a $5M private placement offering for common shares. This move comes as the company grapples with an outstanding senior debt of $71.4M owed to commercial lenders.
The non-brokered private placement is a strategic step towards strengthening the company's financial position and securing additional capital. LifeSpeak aims to utilize the raised funds to drive its operational growth and navigate through existing financial challenges.
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