Following the collection last quarter of the final $28 million payment associated with the sale of our Canadian well servicing business, we exited Q1 with an overcapitalized balance sheet and High Arctic placed at a strategic crossroads.

Source: https://seekingalpha.com/article/4603913-high-arctic-energy-services-inc-hghaf-q1-2023-earnings-call-transcript?source=feed_all_articles

With many venture capital firms overcapitalized and increased competition, it takes a lot of media awareness and momentum to catch their attention and validate your company as a potential investment.

Source: https://www.forbes.com/sites/forbesagencycouncil/2023/11/07/what-b2b-tech-companies-need-to-create-a-successful-pr-strategy/