Captivision Converted ~$4.2M Of Outstanding Debt Into Equity At A $3.00 Price Per Share; Raised ~$2.2M Via A Private Placement Bond Issuance By Captivision Korea
Portfolio Pulse from Benzinga Newsdesk
Captivision Inc. (NASDAQ: CAPT) has converted approximately $4.2 million of outstanding debt into equity at a $3.00 price per share and raised approximately $2.2 million via a private placement bond issuance by Captivision Korea. These actions are aimed at strengthening the company's financial position.
July 23, 2024 | 12:01 pm
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Captivision Inc. has converted $4.2 million of debt into equity at $3.00 per share and raised $2.2 million through a private placement bond issuance by Captivision Korea. These actions are expected to strengthen the company's financial position.
The conversion of debt to equity reduces the company's debt burden and improves its balance sheet, which is generally positive for the stock price. Additionally, raising $2.2 million through a private placement bond issuance provides additional capital for operations or growth initiatives.
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