NEWS
Prestige Wealth Inc. Announces Acquisition of Wealth AI, an AI-Driven Wealth Management Solution Provider
Prestige Wealth Inc. (NASDAQ: PWM), a Hong Kong-based wealth and asset management services provider, has announced its acquisition of Wealth AI, an AI-driven wealth management solution provider. The acquisition, valued at US$4,500,000, involves purchasing all shares of SPW Global Inc, which wholly owns Wealth AI. The deal structure includes US$3 million in cash and US$1.5 million in PWM shares. This strategic move is expected to enhance PWM's AI technology capabilities and facilitate the development of next-generation wealth management solutions. The transaction is set to close in Q4 2024 and includes retention of key Wealth AI employees and non-compete clauses
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stockmarkettec : Ok, What do you think about this company and do you think It will proceed to go![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Jaguar8 OP stockmarkettec : I am just playing it as a day trade this after hours. Why? Because it is a China company and I don’t trust it.
Trytosaveabit Jaguar8 OP : Agree 100%