- Patrick Bertagna, CEO of GTX Corp, says the new financing will be used to position the company for future growth, execute initiatives and pay down some debt
- The financing is secured at a 10x valuation of current trading price; the company has already received its first tranche and plans to draw down additional tranches over the next 12 months
- GTXO Corp is a pioneer in wearable GPS human and asset tracking systems; it recently debuted new GPS trackers for children, the patented GPS SmartSole size small, and the Invisabelt
GTX Corp (OTC: GTXOD) terms a confluence of financial events, including its proposed uplisting, reverse split and $1 million in premium-to-market financing from a new strategic partner, as a turning point and milestone for the company’s stakeholders (http://nnw.fm/cZUL9).
The reverse split of the stock was approved and made effective by FINRA in early July. Temporarily, the company’s trading ticker symbol will be ‘GTXOD’, but in the near future, after all trading platforms…
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