Prestige Wealth Entered Into A Definitive Acquisition Agreement To Purchase All Shares Of SPW Global Inc, Which In Turn Wholly Owns Wealth AI For $4.5M
Portfolio Pulse from Benzinga Newsdesk
Prestige Wealth Inc. (NASDAQ:PWM) has entered into an agreement to acquire SPW Global Inc, which owns Wealth AI, for $4.5 million. The acquisition aims to enhance PWM's AI capabilities in wealth management.
August 23, 2024 | 8:32 pm
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Prestige Wealth Inc. is acquiring SPW Global Inc, which owns Wealth AI, for $4.5 million. This acquisition is expected to enhance PWM's AI capabilities in wealth management, potentially driving future growth.
The acquisition of SPW Global Inc, which owns Wealth AI, is a strategic move for PWM to enhance its AI capabilities. This could lead to improved services and growth in the wealth management sector, positively impacting PWM's stock price.
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