On June 28, Infobird Entered Into An Equity Acquisition Agreement With Shangri-La Trading Limited To Acquire 65% Of Issued And Outstanding Equity Of Pure Tech Global Limited For ~$40M
Portfolio Pulse from Benzinga Newsdesk
Infobird (IFBD) has entered into an equity acquisition agreement with Shangri-La Trading Limited to acquire 65% of Pure Tech Global Limited for approximately $40 million.
July 01, 2024 | 8:17 pm
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Infobird (IFBD) has entered into an agreement to acquire 65% of Pure Tech Global Limited for approximately $40 million. This acquisition could enhance IFBD's market position and growth prospects.
The acquisition of a majority stake in Pure Tech Global Limited is a significant strategic move for Infobird. It could enhance the company's market position and growth prospects, likely leading to a positive short-term impact on IFBD's stock price.
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