Prime Drink Group Closes $450,000 Non-Brokered Private Placement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 01 2026
0mins
Source: Globenewswire
- Successful Financing: Prime Drink Group has completed a non-brokered private placement raising $450,000, issuing 7,500,015 common shares and the same number of warrants, thereby strengthening its capital base to support future growth.
- Warrant Details: Each warrant allows the holder to purchase one common share at $0.06 for three years, which will provide the company with additional funding sources to facilitate business expansion.
- Planned Use of Funds: The company intends to use the proceeds for business development and general working capital, aiming to enhance operational efficiency and strengthen market competitiveness.
- Regulatory Approval Requirements: The financing is subject to final approval from the Canadian Securities Exchange and other relevant regulatory bodies, ensuring compliance and reducing future operational risks.
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Analyst Views on PRME
Wall Street analysts forecast PRME stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PRME is 6.06 USD with a low forecast of 4.25 USD and a high forecast of 9.00 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.
7 Analyst Rating
4 Buy
3 Hold
0 Sell
Moderate Buy
Current: 4.030
Low
4.25
Averages
6.06
High
9.00
Current: 4.030
Low
4.25
Averages
6.06
High
9.00
About PRME
Prime Medicine, Inc. is a biotechnology company engaged in creating and delivering gene editing therapies to patients. It deploys its proprietary Prime Editing platform, a versatile, precise and efficient gene editing technology, to develop a new class of differentiated one-time curative genetic therapies. It is advancing a set of high-value programs across its core areas of focus (hematology, immunology and oncology, liver, and lung). These include ex vivo hematopoietic stem cell (HSC) programs for the treatment of p47phox chronic granulomatous disease CGD and X-linked CGD; a lipid nanoparticle (LNP) Prime Editor for the treatment of Wilson’s Disease; a LNP or adeno-associated virus Prime Editors for the treatment of cystic fibrosis; and ex vivo T-cell therapies. PM359, its product candidate within its hematology, immunology and oncology area of focus, targets the p47phox variant of CGD. Its PM577 comprises a Prime Editor encapsulated as RNA cargo in a liver-targeted LNP.
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.
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