Nocera, Inc. To Acquire Zhe Jiang Xin Shui Hu Digital Information For 1.5M Shares Of Common Stock And 1M Shares Of Warrants
Portfolio Pulse from Benzinga Newsdesk
Nocera, Inc. (NCRA) has announced its acquisition of Zhe Jiang Xin Shui Hu Digital Information for 1.5 million shares of common stock and 1 million shares of warrants.
June 06, 2023 | 12:13 pm
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Nocera, Inc. acquires Zhe Jiang Xin Shui Hu Digital Information, issuing 1.5 million common stock shares and 1 million warrants.
The acquisition of Zhe Jiang Xin Shui Hu Digital Information by Nocera, Inc. is expected to have a positive short-term impact on NCRA's stock price. The deal expands the company's portfolio and could potentially lead to increased revenues and growth. The issuance of 1.5 million common stock shares and 1 million warrants may dilute existing shares, but the potential benefits of the acquisition outweigh the dilution risk.
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