Trooperstocks
4 일 전
$PWM News! Prestige Wealth Inc. Announces Acquisitions of InnoSphere Tech and Closing of Acquisition of Wealth AI
Rhea-AI Summary
Prestige Wealth (NASDAQ: PWM) has announced two significant acquisitions to strengthen its AI and wealth management capabilities. The company will acquire InnoSphere Tech for US$2.1 million, paid through 3.5 million newly issued Class B ordinary shares at US$0.60 per share. The deal includes warrants for 2,625,000 Class A ordinary shares at US$0.72 exercise price. Additionally, PWM has completed the acquisition of SPW Global, which owns Wealth AI PTE in Singapore. The InnoSphere Tech acquisition is expected to close in Q4 2024 and aims to enhance PWM's AI technology services in wealth management.
georgie18
2 주 전
PWM...$1.19...🥳...All out of my 80s on this move...Will watch for another entry...
georgie18
Member Level
Re: georgie18 post# 664446
Monday, November 11, 2024 4:03:51 PM
Post#
664498
of 664654
PWM...$1.08...Off the .80 range gap fill...🥳
georgie18
Member Level
Re: georgie18 post# 385459
Monday, November 11, 2024 2:00:33 PM
Post#
385491
of 385502
PWM...91...Off the .80 range gap fill...Ran to $1.80 range in P/M...🥳
georgie18
Member Level
Re: georgie18 post# 664354
Monday, November 11, 2024 10:10:38 AM
Post#
664392
of 664445
PWM...83...Back in on the Gap Fill...🥳
georgie18
2 주 전
PWM...$1.57s clearing here...🥳
georgie18
Member Level
Re: georgie18 post# 664319
Monday, November 11, 2024 7:47:10 AM
Post#
664353
of 664353
PWM...$1.31s clearing here...🥳
georgie18
Member Level
Re: georgie18 post# 384933
Friday, November 08, 2024 6:01:15 PM
Post#
385420
of 385442
PWM...$1.03...NEWS...🥳...https://www.globenewswire.com/news-release/2024/11/08/2977899/0/en/Prestige-Wealth-Inc-Announces-Acquisitions-of-InnoSphere-Tech-and-Closing-of-Acquisition-of-Wealth-AI.html
PWM...9498...HOD...🥳
georgie18
Member Level
Re: georgie18 post# 384662
Friday, October 25, 2024 9:25:56 AM
Post#
384851
of 384932
PWM...87...getting some action here...🥳
georgie18
Member Level
Re: None
Tuesday, October 22, 2024 9:09:51 AM
Post#
662124
of 662705
PWM...added ...81s/82s...🥳
georgie18
2 주 전
PWM...$1.31s clearing here...🥳
georgie18
Member Level
Re: georgie18 post# 384933
Friday, November 08, 2024 6:01:15 PM
Post#
385420
of 385442
PWM...$1.03...NEWS...🥳...https://www.globenewswire.com/news-release/2024/11/08/2977899/0/en/Prestige-Wealth-Inc-Announces-Acquisitions-of-InnoSphere-Tech-and-Closing-of-Acquisition-of-Wealth-AI.html
PWM...9498...HOD...🥳
georgie18
Member Level
Re: georgie18 post# 384662
Friday, October 25, 2024 9:25:56 AM
Post#
384851
of 384932
PWM...87...getting some action here...🥳
georgie18
Member Level
Re: None
Tuesday, October 22, 2024 9:09:51 AM
Post#
662124
of 662705
PWM...added ...81s/82s...🥳
tw0122
2 주 전
.99 + 20%
Nice news still low floater .. Prestige Wealth Inc. Announces Acquisitions of InnoSphere Tech and Closing of Acquisition of Wealth AI
November 08 2024 - 5:00PM
Prestige Wealth Inc. (NASDAQ: PWM) (“PWM”, or the “Company”), a wealth management and asset management services provider based in Hong Kong, today announced that, on November 5, 2024, it entered into a definitive acquisition agreement pursuant to which PWM will purchase all shares of InnoSphere Tech Inc.(“InnoSphere Tech”), a company incorporated under the laws of the British Virgin Islands. The total purchase price is US$2,100,000, subject to customary closing purchase price adjustments, in the form of 3,500,000 newly issued Class B ordinary shares of the Company at a price per Class B ordinary share of US$0.60 to the seller and key employees of InnoSphere Tech. The Company will also grant warrants to purchase 2,625,000 Class A ordinary shares of the Company at an exercise price per share equal to US$0.72 to the seller parties. The warrants will become exercisable on the six-month anniversary of the issuance date and will expire on the fifth anniversary from the date on which they become exercisable. In addition, key employees will be retained and continue to be employed by InnoSphere Tech after closing of the transaction. The acquisition agreement also includes a third-year period non-competition and non-solicitation covenants from the seller parties. The acquisition of InnoSphere Tech is expected to close in the fourth quarter of 2024 and will enhance PWM’s technology strength in artificial intelligence space and facilitate PWM’s development of AI-driven technology services to business clients in wealth management area.PWM also announced that, on November 4, 2024, it completed its acquisition of all shares of SPW Global Inc., a company incorporated under the laws of the British Virgin Islands, which in turn wholly owns Wealth AI PTE LTD. or Wealth AI, a company incorporated under the laws of Republic of Singapore.About Prestige Wealth Inc.Prestige Wealth Inc. is a wealth management and asset management services provider based in Hong Kong, assisting its clients in identifying and purchasing well-matched wealth management products and global asset management products. With a focus on quality service, the Company has retained a loyal customer base consisting of high-net-worth and ultra-high-net-worth clients in Asia. Through the Company’s wealth management service, it introduces clients to customized wealth management products and provides them with tailored value-added services. The Company provides asset management services via investment funds that it manages and also provides discretionary account management services and asset management-related advisory services to clients. For more information, please visit the Company’s website: http://ir.prestigewm.hk.About InnoSphere TechInnoSphere Tech is a technology company that leverages its advantages in web scraping technology to collect data on finance, wealth management, and related industries according to international standards. Through the accumulation and processing of large amounts of data, its system can train a specialized large model tailored for the wealth management industry, providing robust foundational support to clients in the financial sector that surpasses traditional general-purpose large models.About Wealth AIWealth AI is a company based in Singapore that offers personalized, cost-effective wealth management solutions using artificial intelligence. Founded by AI experts from top technology companies in 2022, Wealth AI is dedicated to the transformative potential of artificial intelligence in wealth management.
georgie18
2 월 전
PWM...$1.33s clearing off the .80 range gap fill...🥳
georgie18
Member Level
Re: georgie18 post# 660005
Wednesday, October 02, 2024 1:30:34 PM
Post#
660053
of 660071
PWM...$1.21...Off the .80 range gap fill...🥳
georgie18
Member Level
Re: georgie18 post# 147
Wednesday, October 02, 2024 10:11:54 AM
Post#
148
of 148
PWM...$1.02s clearing here...🥳
georgie18
Member Level
Re: georgie18 post# 655221
Tuesday, October 01, 2024 3:51:53 PM
Post#
659935
of 660003
PWM...95...Gap Filled...🥳
georgie18
Member Level
Re: None
Monday, August 26, 2024 11:24:35 AM
Post#
145
of 145
PWM...$1.23...Bidding Open Gap in the .80 Range...🥳
georgie18
2 월 전
PWM...$1.21...Off the .80 range gap fill...🥳
georgie18
Member Level
Re: georgie18 post# 147
Wednesday, October 02, 2024 10:11:54 AM
Post#
148
of 148
PWM...$1.02s clearing here...🥳
georgie18
Member Level
Re: georgie18 post# 655221
Tuesday, October 01, 2024 3:51:53 PM
Post#
659935
of 660003
PWM...95...Gap Filled...🥳
georgie18
Member Level
Re: None
Monday, August 26, 2024 11:24:35 AM
Post#
145
of 145
PWM...$1.23...Bidding Open Gap in the .80 Range...🥳
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