Closing Of Large Private Placement Sent These Shares Soaring

Closing Of Large Private Placement Sent These Shares Soaring

Closing Of Large Private Placement Sent These Shares Soaring By: Dylan Sikes – 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.

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