Torrent Capital Closes $8.75 Million Financing for DeFi Investments
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Torrent Capital Ltd ( (TSE:TORR) ) has shared an update.
Torrent Capital Ltd has successfully closed an $8.75 million equity financing round, marking its first financing since going public in 2017. The financing, which saw strong insider participation, will support Torrent’s strategic investments in decentralized finance, particularly in the Solana cryptocurrency, enhancing its industry positioning and expanding its shareholder base.
More about Torrent Capital Ltd
Torrent Capital Ltd is a publicly listed investment issuer focusing on opportunities in decentralized finance. The company plans significant investments in the Solana cryptocurrency, indicating a market focus on emerging blockchain technologies.
YTD Price Performance: 8.57%
Average Trading Volume: 21,935
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$19.16M
See more data about TORR stock on TipRanks’ Stock Analysis page.