tw0122
3 시간 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
1 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
1 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...🥳
meffi
1 년 전
HKD, AMTD, WTF? The stock you haven't heard of that's up 30,000% in 2 weeks
Shares of little-known Hong Kong IPO AMTD Digital are currently trading above $2,500, despite IPO'ing on July 15th at $7.80. What?
AUG 2, 2022 2:08 PM EDT
Who is right? lol
boston127
1 년 전
Recap of today's action.
Today's volume was lighter than usual, trading 1,422,499 shares, versus an average of 8,780,145 shares per day during the last twelve months. The On Balance Volume indicator (OBV) is bullish. The slope of the indicator is positive and suggests that buyers are presently more active than sellers.