2023-04-14 09:16:06 ET
- Urbanimmersive ( TSXV: UI:CA ) ( OTCQB:UBMRF ) said on Friday that it will implement a workforce reduction and review of strategic alternatives.
- The SaaS business management solutions provider said it experienced a decline in revenues across all its divisions and regions in the fiscal year ended Sep. 30, 2022.
- Urbanimmersive is also set to complete an additional financing of a minimum of $10M through a private placement of convertible debenture units.
- The net proceed from the financing will be used to bolster the company's working capital.
- Source: Press Release
For further details see:
Urbanimmersive to implement workforce reduction, review of strategic alternatives