Ackroo Shareholders Approve Sale to Paystone

The latest update is out from Ackroo Inc ( (TSE:AKR) ).

Ackroo Inc. announced that its shareholders have approved the sale of the company to Paystone Inc., a North American payment and software company. This decision was made during Ackroo’s annual and special meeting, where the arrangement resolution received significant support from shareholders. The acquisition, which involves Paystone assuming all of Ackroo’s assets and liabilities, is subject to final court and regulatory approvals. The transaction is expected to enhance Paystone’s market presence and operational capabilities, potentially benefiting stakeholders by expanding service offerings and market reach.

More about Ackroo Inc

Ackroo Inc. is a consolidator and service provider in the gift card, loyalty marketing, payments, and point-of-sale technology industry. The company focuses on acquiring, integrating, and managing solutions for merchants of all sizes, offering a cloud-based marketing platform that facilitates loyalty, gift card, and promotional transactions both in-store and online.

YTD Price Performance: 1.40%

Average Trading Volume: 134,823

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$16.73M

For detailed information about AKR stock, go to TipRanks’ Stock Analysis page.