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Pudo Inc. (OTC: PDPTF) Stock Surges After Increase in Size of Private Placement

Jon Williams

Any news about fund raising efforts elicit considerable attention from investors and this morning the Pudo Inc (OTC: PDPTF) stock could be the one to watch. Last Friday the company had been in sharp focus after it made a key new announcement with regards to its non-brokered private placement. In this feature, we take a closer look into the developments.

Size Raised

In the news release Pudo announced that it had decided to raise the size of its non-brokered private placement and concurrent debt settlement, both of which had been announced by the company on February 3, 2025 previously. The company stated that in the private placement it would issue a maximum of 2,592,592 common shares in Pudo capital for the price of $0.135 for each private placement share. The company would generate proceeds to the tune of $350,000.

Debt Settlement

For the debt settlement, it would issue a maximum of 3088888 common shares for $0.135 each to settle $417000 owed to the creditors of the company. The company also stated that it intended to use the net proceeds from the private placement for working capital purposes. It may be a good time to add the stock to your watch lists at this point.

Jon Williams

Jon graduated from the University of Michigan with a degree in finance. He is an avid investor and enjoys reporting on the markets. When he is not in front of a computer he enjoys playing golf and watching basketball.