Ackroo Inc ( (TSE:AKR) ) has provided an announcement.
Ackroo Inc. has received a final court order from the Ontario Superior Court of Justice approving its arrangement with Paystone Inc., under which Paystone will acquire all issued and outstanding common shares of Ackroo and assume its assets and liabilities. This acquisition, pending TSX Venture Exchange approval and other closing conditions, is expected to close on March 14, 2025. The arrangement signifies a significant shift in Ackroo’s operations, potentially enhancing its market position and offering new opportunities for stakeholders by integrating with Paystone’s extensive merchant network and advanced payment solutions.
More about Ackroo Inc
Ackroo Inc., headquartered in Hamilton, Ontario, Canada, operates as an industry consolidator by acquiring, integrating, and managing gift card, loyalty marketing, payment, and point-of-sale solutions for merchants of all sizes. The company offers a self-serve, data-driven, cloud-based marketing platform that facilitates loyalty, gift card, and promotional transactions at the point of sale. Ackroo also resells payment processing solutions and has acquired custom software products for niche industries, focusing on simplifying and improving the merchant marketing, payments, and point-of-sale ecosystem.
YTD Price Performance: 5.71%
Average Trading Volume: 129,292
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$17.07M
For an in-depth examination of AKR stock, go to TipRanks’ Stock Analysis page.