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XTM INC - $XTMIF STOCK NEWS

Welcome to our dedicated page for XTM news (Ticker: $XTMIF), a resource for investors and traders seeking the latest updates and insights on XTM stock.

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 XTM'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 XTM's position in the market.

News
Rhea-AI Summary

XTM Inc. announced the receipt of a Management Cease Trade Order (MCTO) from the Ontario Securities Commission due to a delay in filing its annual financial statements. The MCTO restricts trading by management until the required filings are complete. The company expects to complete the audit by May 31, 2024, and will issue bi-weekly default status reports until then.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.06%
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Rhea-AI Summary
XTM Inc. announced a delay in its annual filings due to audit procedures and quality review issues, pushing back the deadline for filing its financial statements for the year ended December 31, 2023. The delay is attributed to the need for supporting third-party service organizations. The company reassures investors that there have been no significant business developments or undisclosed material information. XTM has requested a management cease trade order to allow trading to continue while working to complete the audit and file the necessary statements by May 31, 2024.
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End-of-Day
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Rhea-AI Summary
XTM, Inc. launches its largest commercial Earned Wage Access program to date, offering AnyDay™ solution for a Fortune 15 Employer. XTM aims to address the financial challenges faced by workers living paycheck to paycheck by providing on-demand pay solutions. The company's recent financing enables it to support the growing demand for Earned Wage Access globally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.11%
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Rhea-AI Summary
XTM Inc. completes oversubscribed private placement offering of secured convertible debentures, raising US$11,028,468. The debentures bear 12.0% interest and are convertible into units at US$0.11 per unit. The offering closed in three tranches, with an increased maximum size to US$12 million. Proceeds will be used for general corporate purposes and to extinguish an obligation of US$1,058,342.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.67%
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Rhea-AI Summary
XTM Inc. has closed the initial tranche of its non-brokered private placement offering, raising US$3,842,545 (C$5,201,884) from existing shareholders. The offering consists of secured convertible debentures with a 12% per annum interest rate, due 24 months after issuance. Each debenture is convertible into units of the company at a price of US$0.11 per unit. The company also paid finder's fees and issued share purchase warrants to the finders. The net proceeds will be used for general corporate and working capital purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.9%
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Rhea-AI Summary
XTM, Inc. has entered into a USD$3,000,000 licensing agreement to provide Earned Wage Access processing for a U.S. entity. The 5-year agreement allows the Customer to use XTM's Processing Platform for processing and/or operate it independently. XTM will provide consulting and professional services related to the Processing Platform upon the Customer's request. The company will also continue to develop, update, and make improvements to the Processing Platform.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.26%
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Rhea-AI Summary
XTM, Inc. announced a non-brokered private placement offering for up to $5 million of convertible debentures, receiving $1,150,000 from a strategic investor and additional Subscription Agreements. The company also signed a $3,000,000 licensing agreement for Earned Wage Access from a US entity. With operational funding in place, XTM aims to be among the top three EWA providers globally, with a focus on the HCM and Payroll space.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
50.15%
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Rhea-AI Summary
XTM, Inc. (XTMIF / PAID / 7XT) introduces AnyDay™ brand through QRails acquisition, replacing Today and Tipstoday brands. The official roll out of SAP-certified Earned Wage Access solution in Canada aims to provide financial flexibility to thousands of workers. The acquisition of QRails has led to a 328% YOY increase in revenue for EWA in the U.S. AnyDay's solution addresses financial challenges faced by employees and offers flexibility and control over pay cycles. XTM plans to onboard hundreds of thousands of active employees in 2024.
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XTM Inc. (CSE:PAID; QB: XTMIF; FSE:7XT) announces the revision of its non-brokered private placement offering, aiming to raise up to US$5,000,000. The terms have been modified to issue convertible debentures in the principal amount of US$1,000 at a rate of 12% per annum, due 24 months after issuance. Each debenture is convertible into units of the company at a price of US$0.11 per unit, entitling the holder to one common share and one warrant to purchase a common share. The net proceeds will be used for general corporate and working capital purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.07%
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none
Rhea-AI Summary
XTM Inc. (CSE:PAID; QB: XTMIF; FSE:7XT) announces a non-brokered private placement offering for up to US$5,000,000. Each Unit will consist of a secured convertible debenture and 1,000 warrants, with the net proceeds intended for capital expenditures and general corporate and working capital purposes.
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XTM INC

OTC:XTMIF

XTMIF Rankings

XTMIF Stock Data

23.18M
185.09M
8.19%
Data Processing, Hosting, and Related Services
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United States of America
Toronto