ShiftPixy On Tuesday Announced Signed LOI To Acquire TurboScale For $150M in Stock; Debt; Previous Press Release Dated Oct 17 Indicated Acquisition of TurboScale
Portfolio Pulse from Benzinga Newsdesk
ShiftPixy announced a signed Letter of Intent (LOI) to acquire TurboScale for $150 million in stock and debt. This follows a previous press release on October 17 regarding the acquisition.
October 23, 2024 | 10:15 am
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ShiftPixy has signed a LOI to acquire TurboScale for $150 million in stock and debt, indicating a strategic expansion move.
The acquisition of TurboScale for $150 million in stock and debt suggests a significant strategic move for ShiftPixy, potentially expanding its capabilities and market reach. This could positively impact the stock price as investors may view this as a growth opportunity.
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