Infobird Co (IFBD) has released an update.
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Infobird Co., Ltd, a Nasdaq-listed company, has entered into an agreement to acquire 32% of Pure Tech Global Limited for approximately $25.7 million. The purchase will be paid in cash and a convertible promissory note, enhancing Infobird’s equity stake in Pure Tech to 97%. This strategic move could potentially boost Infobird’s market positioning and investor interest.
For further insights into IFBD stock, check out TipRanks’ Stock Analysis page.