QGSI - QuantGate Systems Inc. Provides Crucial Update on Recent Financing Amid Challenging Market Conditions | Benzinga
TORONTO and NEW YORK, Dec. 01, 2023 (GLOBE NEWSWIRE) -- QuantGate Systems Inc. (OTCQB:QGSI) (the "QuantGate" or "Company"), a leading innovator in Artificial Intelligence ("AI"), Machine Learning ("ML") and SaaS-based Fintech solutions, today provides an important update on its financing announced on October 24, 2023, and the progress made amidst a turbulent market landscape.
Since the announcement of its recent financing, QuantGate Systems Inc. has made significant strides in its operations and strategic initiatives. Despite the challenging environment characterized by problematic market conditions, including difficulties in listings, financing, and IPOs, the company has maintained its commitment to growth and innovation.
Allan Bezanson, CEO of QuantGate Systems Inc., states: "Despite the headwinds in the market, we are steadfast in our pursuit of excellence and delivering value to our stakeholders. We are committed to the current financing but might have to adjust certain terms and pricing of the offering dictated by market conditions. There are no certainties that the financing will be completed. ...