Infobird Co. Strikes Major Equity Acquisition Deal

Infobird Co (IFBD) has released an update.

Infobird Co., Ltd, listed on Nasdaq under the symbol IFBD, has entered into an equity acquisition agreement to acquire 65% of Pure Tech Global Limited from SHANGRI-LA TRADING LIMITED for a total purchase price of USD$40,000,000. The deal includes a combination of cash and promissory notes, alongside a debt waiver, and is subject to adjustments based on certain pre-closing financial activities. The closing of the transaction is scheduled within 45 days from the signing date, with specific terms outlined for the transfer of equity.

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