XTL Biopharmaceuticals Enters Agreement To Acquire AI Web Data Company The Social Proxy; Secures $1.5M In Private Placement
Portfolio Pulse from Benzinga Newsdesk
XTL Biopharmaceuticals has entered into an agreement to acquire The Social Proxy, an AI web data company. Additionally, XTL Biopharmaceuticals has secured $1.5 million in a private placement.
June 05, 2024 | 1:16 pm
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XTL Biopharmaceuticals has announced the acquisition of The Social Proxy, an AI web data company, and has secured $1.5 million in a private placement. This acquisition could enhance XTLB's technological capabilities and data analytics, potentially driving future growth.
The acquisition of The Social Proxy could significantly enhance XTLB's technological capabilities and data analytics, which are crucial for biotech companies. The additional $1.5 million in funding further strengthens their financial position, making this news highly relevant and potentially positive for XTLB's stock price.
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