Aug. 19 at 5:17 AM
$VSQTF "Today marks a defining milestone for one of Victory Square’s most important portfolio companies, Hydreight Technologies Inc. (TSXV: NURS | OTC: HYDTF | FSE: SO6).
"After market close, Hydreight announced up to
$10 million convertible debenture offering with Canaccord Genuity, with an option to upsize. This financing is priced at a 25% premium to market (
$4.06 conversion price) and includes a forced conversion feature designed to align all parties with long-term growth.For Hydreight, it’s a transformative capital event. For VST shareholders, it’s a powerful validation of our model — the ability to identify, build, and scale early-stage companies into industry leaders...
"The takeaway for VST shareholders: This financing is transformational. It validates Hydreight’s business model, accelerates its growth timeline, diversifies its shareholder base, and positions it for long-term value creation..."
