Infobird shares are trading higher after the company announced it 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 roughly $40 million.
Portfolio Pulse from Benzinga Newsdesk
Infobird shares are trading higher after the company announced it 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 roughly $40 million.
July 01, 2024 | 8:25 pm
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Infobird shares are trading higher following the announcement of a $40 million equity acquisition agreement with Shangri-La Trading Limited to acquire 65% of Pure Tech Global Limited.
The acquisition is a significant move for Infobird, indicating potential growth and expansion. The market has reacted positively, driving the stock price higher.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100