Prestige Wealth Inc. Announces Acquisitions of InnoSphere Tech and Closing of Acquisition of Wealth AI
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Prestige Wealth Inc. (NASDAQ: PWM) announced the acquisition of InnoSphere Tech and the closing of its acquisition of Wealth AI. The acquisition of InnoSphere Tech, valued at $2.1 million, will enhance PWM's AI capabilities in wealth management.
November 08, 2024 | 10:15 pm
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Prestige Wealth Inc. (NASDAQ: PWM) is acquiring InnoSphere Tech to enhance its AI capabilities in wealth management. The acquisition, valued at $2.1 million, involves issuing new shares and warrants, and is expected to close in Q4 2024.
The acquisition of InnoSphere Tech is a strategic move to enhance PWM's technology strength in AI, which is likely to positively impact its stock price. The issuance of new shares and warrants indicates a significant investment in future growth.
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