Ocumetics Technology Corp. is trading 6% up at CA$0.57 after announcing a meaningful CA$1.4 million debt-for-equity conversion that improves its capital structure.
- Debentureholders agreed to convert CA$1.4 million of principal into common shares, effectively reducing leverage and strengthening the company’s balance sheet.
- Investors are reacting positively to the improved financial position amid a generally stable broader equity market.