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POSaBIT Systems Corp - POSAF STOCK NEWS

Welcome to our dedicated news page for POSaBIT Systems (Ticker: POSAF), a resource for investors and traders seeking the latest updates and insights on POSaBIT Systems.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect POSaBIT Systems's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of POSaBIT Systems's position in the market.

Rhea-AI Summary
POSaBIT Systems Corporation (PBIT) closed a non-brokered private placement of 3,107,142 units at a price of CAD$0.28 per unit, raising approximately CAD$870,000 or USD$650,000 to repay convertible promissory notes. Perga Capital Partners LP purchased 2,857,929 units, providing aggregate gross proceeds of approximately CAD$800,220. The offering includes 3,107,142 common shares and 2,734,284 warrants, subject to a four-month hold period. The related party transaction is exempt from formal valuation and minority shareholder approval requirements.
Rhea-AI Impact
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End-of-Day
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Rhea-AI Summary
POSaBIT Systems Corporation (PBIT) has filed an application to list its common shares on the TSX Venture Exchange, aiming to expand its market exposure and improve trading liquidity. The company's CEO, Ryan Hamlin, expressed optimism about the potential benefits for shareholders and the possibility of inclusion in indexes and ETFs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.5%
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none
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Rhea-AI Summary
POSaBIT Systems Corporation (PBIT) plans to complete a non-brokered private placement of up to 3,107,142 units to fund the repayment of convertible promissory notes, with gross proceeds of approximately CAD$870,000 or USD$650,000. The offering includes the issuance of 3.1 million common shares and 2.7 million warrants, partially offset by the cancellation of 3.85 million warrants previously issued to Perga Capital Partners LP. The company also announced the close of USD$1,040,000 principal amount of 12% convertible unsecured notes due December 31, 2023, with USD$565,000 principal amount not converting and to be repaid at maturity.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.5%
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none
Rhea-AI Summary
POSaBIT Systems Corporation (PBIT) Announces Return to 75% of Pre-Disruption Transaction Processing Volume, Cost Reduction Program, and Intention to List on TSXV
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
28%
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earnings
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Rhea-AI Summary
POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) will host a conference call and live webcast on November 30, 2023 at 4:30 PM ET to discuss the results of the third quarter ended September 30, 2023. Investors can join the call to gain insights into the company's performance and future prospects.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
19.05%
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conferences earnings
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Rhea-AI Summary
POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) has achieved an impressive 1,092% revenue growth from fiscal years 2019 to 2022. This growth has been attributed to the company's industry-leading product platform and relentless focus on customer satisfaction. The company's CEO, Ryan Hamlin, expressed pride in the team's work and highlighted their partnership with customers and the cannabis community as crucial factors in their success. The company ranked 132nd on the Deloitte Technology Fast 500™, showcasing its rapid growth and innovation in the technology, media, telecommunications, life sciences, fintech, and energy tech sectors in North America.
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End-of-Day
5.65%
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Rhea-AI Summary
POSaBIT provides update on PIN debit processing solution
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End-of-Day
-50%
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Rhea-AI Summary
POSaBIT Systems Corporation announces full launch of POSaBIT POS 2.0, a next-generation point-of-sale system with enhanced features and integrations.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.5%
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Rhea-AI Summary
POSaBIT Systems Corporation reports Q2 2023 financial results with revenue of $13.5 million, up 65% YoY and 52% organic growth. Reaffirms FY 2023 revenue guidance of $58.5-$61.5 million, representing growth of over 62% at the midpoint compared to FY 2022.
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earnings
Rhea-AI Summary
POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) will host a conference call and live webcast on August 24, 2023, at 4:30 p.m. eastern time to discuss the results of the second quarter ended June 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.85%
Tags
conferences earnings
POSaBIT Systems Corp

OTC:POSAF

POSAF Rankings

POSAF Stock Data

23.96M
98.83M
34.43%
0.02%
All Other Insurance Related Activities
Finance and Insurance
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United States
Kirkland