Infobird Co (IFBD) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.
For further insights into IFBD stock, check out TipRanks’ Stock Analysis page.