If you are hunting for stocks which might have moved strongly over the course of the past week it might be a good move to take a look at the Converge Technology Solutions Corp (OTCMKTS:CTSDF) stock.
The Converge Technology stock has garnered significant attention over the past week and managed to clock gains of as much as 10% during the period. In this regard, it is also necessary to point out that on Tuesday the company also announced some key details with regards to its bought deal financing worth as much as $150 million.
Converge Technology announced that it signed an agreement with a group of underwriters headed by Canaccord Genuity Corp. Canaccord is going to act as the solitary book runner and on the other hand, CIBC Capital Markets and Scotiabank are going to be the co-lead underwriters for the bought deal financing deal.
As per the provisions of the agreements, the underwriters are going to buy as many as 14220000 shares of the Converge Technology stock for $10.55 each on a bought deal basis. The transaction is going to raise gross proceeds of as much as $150021000 for the company. Investors could do well to keep an eye on the Converge Technology stock today.