- Abaxx Technologies Inc. (NEO:ABXX) outlined a number of recent milestones accomplished over the past quarter
- The company completed financing of C$1,013,000 through the private placement of an unsecured convertible debenture of the company with an existing shareholder
- The strategic financing process for Abaxx Singapore is progressing, with an expected conclusion in early Q4.
- Abaxx Technologies Inc. last traded at C$6.93 per share
Abaxx Technologies Inc. (NEO:ABXX) outlined a number of recent milestones accomplished over the past quarter.
The Toronto-based financial software and market infrastructure company completed financing of C$1,013,000 through the private placement of an unsecured convertible debenture of the company with an existing shareholder.
The team recently began a commodity broker engagement program ahead of initial trading and has executed a first cooperation agreement with Vanir Global Markets Pte. Ltd., a global energy and environmental interdealer brokerage firm.
The strategic financing process for Abaxx Singapore is progressing, with an expected conclusion in early Q4. Abaxx has signed non-binding term sheets as well as definitive agreements with corporate strategic investors.
Advanced design and development work on prototyping of tools for carbon and commodity markets continues. The company held initial pilot project discussions during the quarter with a number of prospective stakeholders, including a global commodity trading firm, voluntary carbon market registry, and a sovereign jurisdiction looking to enhance identity credential technology in financial markets.
Abaxx Technologies Inc. is a financial technology company that is developing and deploying software tools that make communication, trade, and transactions secure.
Abaxx Technologies Inc. last traded at C$6.93 per share.
Join the discussion: Find out what everybody’s saying about this stock on the Abaxx TechnologiesBullboard, and check out the rest of Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.