Flow Beverage Corp. Closes First Tranche of Private Placement of Convertible Debenture Units for CDN$1.73 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 31 2024
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Source: Businesswire
Private Placement Announcement: Flow Beverage Corp. has closed the first tranche of a non-brokered private placement, issuing 172.992 unsecured convertible debenture units for gross proceeds of CDN$1.73 million, with plans to raise up to CDN$7 million in total through additional tranches.
Convertible Debentures Details: The issued convertible debentures have a 12% interest rate, mature in three years, and can be converted into subordinate voting shares at a price of $0.41, with provisions for mandatory conversion and redemption under certain conditions.
Analyst Views on FLOW
Wall Street analysts forecast FLOW stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FLOW is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 36.769
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Current: 36.769
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
