Fully Subscribed Private Placement Generates Buying Frenzy

Fully Subscribed Private Placement Generates Buying Frenzy

By: Dylan Sikes – AllPennyStocks.com News

Wednesday, May 11, 2022

A Canadian technology company saw it’s shares rip on Wednesday following the announcement that it has successfully closed a $12.5M private placement in which two institutional investors agreed to buy up the full offering amount. This was apparently a huge confidence boost for traders as shares of Voxtur Analytics Corp (TSX-Venture:VXTR) were snatched up all session long. 

Voxtur Analytics Corp is a transformational real estate technology company that is redefining industry standards in a dynamic lending environment. The company offers targeted data analytics to simplify tax solutions, property valuation, and settlement services throughout the lending lifecycle for investors, lenders, government agencies, and servicers. Its proprietary data hub and workflow platforms more accurately and efficiently value assets, originate and service loans, securitize portfolios and evaluate tax assessments. The firm serves the property lending and property tax sectors, both public and private, in the United States and Canada.

Traders were optimistic on the news as shares shot up to $1.10/share (+8.91%) at the session high. This move is a strong continuation of the success this stock has had over the last year. 

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