Closing Of Large Private Placement Sent These Shares Soaring

By: Dylan Sikes – AllPennyStocks.com News

Thursday, May 25, 2023

Earlier in the session we wrote about a company announcing the closing of a $3.5 million private placement. Well, that was before we caught wind of an Ontario-based corporate services company closed a staggering $23.1 million private placement.

Shares of Data Communications Management Corp. (TSX:DCM) (OTCQX:DCMDF) rallied strongly on the news as traders pushed the share price up to $2.88/share (+9.92%) at the session high on the Canadian side. The offering was priced at $3.00/share for gross proceeds of $26,121,600, according to the release.

DATA Communications Management Corp is a communication solutions partner that adds value for major companies across North America by creating more meaningful connections with their customers. It pairs customer insights and thought leadership with cutting-edge products, modular enabling technology and services to power its clients' go-to market strategies. The company helps its clients manage how their brands come to life, determine which channels are right for them, manage multimedia campaigns, deploy location-specific and 1:1 marketing, execute custom loyalty programs, and fulfill their commercial printing needs all in one place.

Copyright © 2023 AllPennyStocks.com. All rights reserved. Republication or redistribution of AllPennyStocks.com's content is expressly prohibited without the prior written consent of AllPennyStocks.com. AllPennyStocks.com shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.