| In an effort to provide relief to companies seeking financing in the turbulent COVID-19 market, the TSX Venture Exchange recently made an important move, removing its 5-cent minimum price restriction for companies raising capital.
For those that follow financings, it’s a game-changer. I’ve already counted 20 announced deals on the TSX-V that are priced below $0.05/share since the announcement.
To get more details, I called up Brady Fletcher, the TSX-V’s managing director, yesterday for a Zoom interview.
On the call, he explained the move, what it means for investors and small-cap companies, and talked with me about everything from up-and-coming psychedelic firms, to esports, to investment lessons he’s learned from more than a decade in the business.
Watch the interview here |
The TSX-V drops minimum financing price to $0.01
