Gresham Worldwide Merges with Ault Disruptive to Expand Defense and Healthcare Tech
Portfolio Pulse from Benzinga Newsdesk
Gresham Worldwide, Inc. (OTCQB:GIGA) and Ault Disruptive Technologies Corporation (NYSE:ADRT) have announced a merger agreement. The transaction, valued at approximately $83 million, will see Gresham redomicile to Delaware and rebrand as Gresham Worldwide, Inc., listed on the NYSE American under the ticker symbol 'GWWI'. The merger aims to expand Gresham's defense and healthcare technology capabilities.
June 24, 2024 | 10:35 am
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POSITIVE IMPACT
Ault Disruptive Technologies Corporation (NYSE:ADRT) is merging with Gresham Worldwide, Inc. The merger is expected to enhance Gresham's capabilities in defense and healthcare technology, providing significant value to ADRT stockholders.
The merger is a strategic move to enhance Gresham's capabilities and market position, which is likely to positively impact ADRT's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Gresham Worldwide, Inc. (OTCQB:GIGA) is merging with Ault Disruptive Technologies Corporation. The merger will allow Gresham to expand its defense and healthcare technology capabilities and list on the NYSE American under the ticker symbol 'GWWI'.
The merger is expected to provide Gresham with the resources and visibility needed to enhance its capabilities, likely leading to a positive impact on GIGA's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100