Kontrol Technologies Provides Corporate Update
Kontrol Technologies (OTCQB:KNRLF), a sustainable buildings platform provider, released a corporate update highlighting its strong financial position with approximately $14 Million in cash and marketable securities, including bitcoin holdings. The company is actively reviewing multiple potential acquisition opportunities, subject to due diligence and definitive agreements.
The company reports generating net positive interest income on its holdings and maintains a debt-free status with no long-term obligations. Under its previously announced Normal Course Issuer Bid (NCIB), Kontrol has repurchased approximately 2,091,500 million common shares.
Kontrol Technologies (OTCQB:KNRLF), fornitore di una piattaforma per edifici sostenibili, ha pubblicato un aggiornamento aziendale che evidenzia la sua solida posizione finanziaria con circa 14 milioni di dollari in contante e titoli negoziabili, inclusi i possedimenti in bitcoin. L'azienda sta attivamente esaminando molteplici opportunità di acquisizione potenziali, soggette a due diligence e accordi definitivi.
L'azienda riporta di generare reddito di interesse netto positivo sui propri investimenti e mantiene uno stato di assenza di debito senza obbligazioni a lungo termine. Sotto l'Offerta di Acquisto Normale (NCIB) precedentemente annunciata, Kontrol ha riacquistato circa 2.091.500 azioni ordinarie.
Kontrol Technologies (OTCQB:KNRLF), proveedor de una plataforma de edificios sostenibles, publicó una actualización corporativa destacando su sólida posición financiera con aproximadamente 14 millones de dólares en efectivo y valores negociables, incluyendo tenencias de bitcoin. La empresa está revisando activamente múltiples oportunidades de adquisición potenciales, sujetas a debida diligencia y acuerdos definitivos.
La empresa informa que genera ingresos netos de intereses positivos sobre sus tenencias y mantiene un estado libre de deudas sin obligaciones a largo plazo. Bajo su Oferta de Recompra de Curso Normal (NCIB) anunciada previamente, Kontrol ha recomprado aproximadamente 2.091.500 acciones ordinarias.
Kontrol Technologies (OTCQB:KNRLF)는 지속 가능한 건물 플랫폼 제공업체로, 약 1400만 달러의 현금 및 유가증권과 비트코인 보유량을 포함한 강력한 재무 상태를 강조하는 기업 업데이트를 발표했습니다. 이 회사는 여러 잠재적 인수 기회를 검토하고 있으며, 이는 실사를 통해 확정된 계약에 따라 진행됩니다.
회사는 보유 자산에서 순 긍정 이자 수익을 창출하고 있으며, 장기 채무가 없는 무부담 상태를 유지하고 있습니다. 이전에 발표된 정상 코스 발행자 매입(NCIB)에 따라 Kontrol은 약 2,091,500주의 보통주를 재구매했습니다.
Kontrol Technologies (OTCQB:KNRLF), fournisseur d'une plateforme pour des bâtiments durables, a publié une mise à jour d'entreprise soulignant sa solide position financière avec environ 14 millions de dollars en liquidités et titres négociables, y compris des avoirs en bitcoin. L'entreprise examine activement plusieurs opportunités d'acquisition potentielles, sous réserve de diligence raisonnable et d'accords définitifs.
L'entreprise rapporte générer un revenu d'intérêt net positif sur ses avoirs et maintient un statut sans dette avec aucune obligation à long terme. Dans le cadre de son offre de rachat de cours normal (NCIB) précédemment annoncée, Kontrol a racheté environ 2.091.500 actions ordinaires.
Kontrol Technologies (OTCQB:KNRLF), Anbieter einer Plattform für nachhaltige Gebäude, hat ein Unternehmensupdate veröffentlicht, das seine starke finanzielle Lage mit etwa 14 Millionen Dollar in bar und handelbaren Wertpapieren, einschließlich Bitcoin-Beständen, hervorhebt. Das Unternehmen prüft aktiv mehrere potenzielle Akquisitionsmöglichkeiten, die einer Due Diligence und endgültigen Vereinbarungen unterliegen.
Das Unternehmen berichtet über die Erzielung von netto positiven Zinseinkünften aus seinen Beständen und hält einen schuldenfreien Status ohne langfristige Verpflichtungen. Im Rahmen des zuvor angekündigten Normal Course Issuer Bid (NCIB) hat Kontrol etwa 2.091.500 Stammaktien zurückgekauft.
- Strong liquidity position with $14M in cash and marketable securities
- Net positive interest income generation
- No long-term debt
- Active share buyback program with 2,091,500 shares repurchased
- None.
The Company continues to review multiple potential acquisition opportunities. The potential acquisitions are subject to customary due diligence and definitive agreements. The Company will provide further details subject to reaching definitive agreements.
The Company currently has approximately
The Company has acquired approximately 2,091,500 million common shares under its previously announced NCIB (normal course issuer bid).
Kontrol Technologies Corp.
Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities and provides solutions and services to its customers to improve energy management, monitor continuous emissions and accelerate the sustainability of all buildings.
Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.
Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. Forward-looking information contained in this press releases includes, but is not limited to, the following: the potential benefits of an acquisition; the completion of a Letter of Intent; the addition of Bitcoin to the Company’s balance sheet, the future operations of the Company; and the Company’s ability to make accretive acquisitions.
Where Kontrol expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that the Company will have sufficient financial and other resources to fulfil expectations with respect to future operations and meet contractual payment obligations.
Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. Kontrol does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250122813671/en/
Kontrol Technologies Corp.
Paul Ghezzi, CEO
info@kontrolcorp.com
11 Cidermill Avenue, Suite 201
Tel: (905) 766.0400
Source: Kontrol Technologies Corp.
FAQ
How much cash and marketable securities does Kontrol Technologies (KNRLF) currently hold?
How many shares has KNRLF repurchased under its NCIB program?
What is Kontrol Technologies' (KNRLF) current debt situation?
What type of acquisition strategy is KNRLF currently pursuing?
