IOV.XA is trading 4.8% up today at $0.55 after investors digested news that Ion Video has successfully eliminated all debt from its balance sheet.
- The company converted approximately $2.65 million of convertible notes into equity, a move that removes roughly $708,883 in future interest obligations.
- The stock is currently rebounding from a sharp pullback on June 30, which followed an initial 51% rally triggered by the debt-clearing catalyst.