In the past month, investors have been drawn to StageZero Life Sciences Ltd (OTCMKTS:SZLSF) and that becomes quite apparent when you take a look at the price action in the stock in the past few weeks.
Trading Data
On Friday, SZLSF stock ended flat at $0.2485 with more than 45 shares, compared to its average volume of 16k shares. The stock has moved within a range of $0.2485 – 0.2485 after opening trade at $0.2478.
Announces Results of Special Meeting
The vertically integrated healthcare company has seen its stock jump by as much as 13% over the course of the past month and it may now be a good time to take a look at the announcement made by the company last Friday. The company announced that at a special meeting held on Friday, the shareholders of StageZero Life Sciences gave the approval for the issuance of as many as 8,000,000 common shares to the company Health Clinics Limited.
It is a major development for the company considering the fact that the issuance of the common shares is connected to the transaction with regards to the acquisition of Health Clinics Limited. Not too long ago, StageZero Life Sciences had announced that it had reached an agreement for the acquisition of all the outstanding and issued shares in Health Clinics Limited. However, at the same time it should be noted that those shares are going to be issued only after some specific milestones are completed.
