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An announcement from Pheton Holdings Ltd. Class A ( (PTHL) ) is now available.
On August 29, 2025, Pheton Holdings Ltd entered into a Stock Purchase Agreement to acquire 30% of Geri-Safe, Ltd. by issuing 4,000,000 newly issued Class A ordinary shares. This acquisition aims to strengthen Pheton Holdings’ position in the medical device sector by leveraging Geri-Safe’s FDA-cleared technologies and extensive patent portfolio. The agreement is subject to customary closing conditions and is expected to enhance the company’s market presence and innovation capabilities.
More about Pheton Holdings Ltd. Class A
Pheton Holdings Ltd operates in the medical device industry, focusing on the development and commercialization of advanced medical device technologies. The company emphasizes an asset-light strategy that includes software and hardware innovation, regulatory compliance, and readiness for U.S. insurance reimbursement.
Average Trading Volume: 2,339,613
Technical Sentiment Signal: Strong Sell
For detailed information about PTHL stock, go to TipRanks’ Stock Analysis page.