- Hammer Technology Holdings (OTCPK:HMMR) said on Wednesday it was implementing a "comprehensive" restructuring initiative.
- HMMR said its board of directors had approved a strategy to divest currently owned telecommunication assets.
- The divestment will enable HMMR to repurchase its own shares, while raising additional funds for technology initiatives.
- The company added it had enlisted Cetus Capital and the CFO Squad.
- According to HMMR, Cetus Capital will provide advisory support for planned acquisitions, capital raising and the expansion of technological innovations into new markets.
- CFO Squad will streamline HMMR's financial filings by strengthening its accounting processes to increase efficiency going forward, the company said.
- Press Release
Hammer Technology to divest telecommunication assets
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| Symbol | Last Price | % Chg |
|---|---|---|
| HMMR | - | - |
| Hammer Fiber Optics Holdings Corp | ||