Why Infobird Stock Is Gliding Higher
- Equity Acquisition Agreement: Infobird Co. Ltd. has entered an agreement to acquire 65% of Pure Tech Global Limited's equity for approximately $40 million, expected to close in July 2024.
- Funding Details: The acquisition will be funded using $33 million in cash on hand and a $7 million promissory note.
- Market Reaction: Infobird shares are experiencing heavy trading volume post-announcement, with more than 2.18 million shares traded. The stock is below its 50-day moving average and near its 52-week low.
- Investing in Infobird: Interested investors can buy shares through brokerage accounts, including fractional shares. $100 would buy around 33.78 shares at the current price of $2.96.
- Shorting Infobird Stock: Shorting the stock requires access to options trading platforms or brokers allowing 'going short.' Investors can profit from share price declines by selling call options or buying put options.
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Infobird Co Announces Convertible Promissory Note for Equity Acquisition
Infobird Co's Financial Move: Infobird Co has issued a Convertible Promissory Note worth approximately $5.95 million as part of an Equity Acquisition Agreement, offering flexible financing options and potential equity ownership changes for the lender.
Current Stock Performance: Infobird Co's stock has seen a year-to-date price decline of 77.96%, with a market cap of $4.59 million and a consensus rating of "Buy" from analysts.
Why Vision Marine Technologies Shares Are Trading Higher By 34%; Here Are 20 Stocks Moving Premarket
Vision Marine Technologies Surge: Vision Marine Technologies Inc. shares rose 34.3% to $2.96 in pre-market trading following a production partnership announcement with Massimo Marine for an electric pontoon platform.
Pre-Market Stock Movements: Several stocks experienced significant fluctuations in pre-market trading, with Eshallgo Inc. gaining 88% and Trident Digital Tech Holdings Ltd. falling 20.8%.
