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Category: Business

  • Reviewing The Case For LSI Industries (LYTS) Going Higher

    Reviewing The Case For LSI Industries (LYTS) Going Higher

    Shares of LSI Industries Inc (LYTS) have gained 17.83% during the trading session on Thursday, reaching a low of $6.52 while touching a high of $7.2157. During the trading session, a total of 0.22 million LYTS shares were traded which represents a 313.1% incline from the average session volume which is 54.14K shares. LSI Industries (LYTS) stock had ended its last session trading at $7.07. LYTS stock rallied last session for announcing its fiscal results.

    How LYTS has acted in the detailed quarter?

    Settled in Greater Cincinnati, LSI Industries (LYTS) is a maker of non-private lighting and show arrangements. Non-private lighting comprises of superior execution, American-made lighting arrangements. LYTS’ strength in outside lighting applications sets out open doors to acquaint extra arrangements with its esteemed clients.

    Show arrangements of LSI Industries (LYTS) comprise of illustrations arrangements, computerized signage, and in fact progressed food show gear for key vertical business sectors. LYTS group of interior experts additionally gives thorough task the executives’ administrations on the side of enormous scope item rollouts. LYTS utilizes around 1,400 individuals at 11 assembling plants in the U.S. also Canada.

    LSI Industries (LYTS) yesterday declared outcomes for the second quarter of monetary year 2022.

    LYST created critical year-over-year development in sales and productivity in the fiscal second quarter, driven by a proceeded with recuperation in non-private development action, foundational gains in designated vertical business sectors, along with commitments from the JSI Store Fixtures procurement (“JSI”) finished in May 2021.

    • LSI Industries (LYTS) announced net sales of $111.1 million in the monetary second quarter, an increment of 45% versus the earlier year time frame.
    • Net sales, barring commitments from the JSI securing, expanded 19% versus the financial second quarter of 2021.
    • LYTS detailed second-quarter net gain of $3.1 million, or $0.11 per weakened offer versus $2.2 million, or $0.08 per weakened offer in the year prior quarter.
    • LSI Industries (LYTS) announced adjusted net gain of $4.2 million, or $0.15 per weakened offer, contrasted with $2.5 million, or $0.09 per weakened offer the year before.
    • Changed operating income of LYTS expanded 90% on a year-more than year premise to $5.9 million, while changed EBITDA expanded 65% to $8.4 million.

    What assisted LYTS with developing?

    LSI Industries (LYTS) likewise pronounced a standard money profit of $0.05 per share payable February 15, 2022 to investors of record on February 7, 2022. The deals and income improvement by LYTS reflects successful execution of its upward market procedure and proceeded with cost administration activities to counter continuous expansions in input costs.

  • More Gains May Be On The Menu For Sidus Space (SIDU)

    More Gains May Be On The Menu For Sidus Space (SIDU)

    With over 1.07 million Sidus Space Inc. (SIDU) shares trading Thursday and a closing price of $10.80 on the day, the dollar volume was approximately 1.07 million. The shares of Sidus Space (SIDU) have shown a positive weekly performance of 6.30% and its price on 01/27/22 gain nearly 31.55%. Currently, there are 6.20M common shares owned by the public with SIDU’s 50-Day Moving Average standing at 9.86. SIDU stock rocketed following announcing the composition of its board.

    How SIDU has created its board?

    Sidus Space (SIDU) is situated in Cape Canaveral, Florida. SIDU works from a 35,000-square-foot fabricating, get together, mix, and testing office. SIDU centers around business satellite plan, production, send off, and information assortment, with a mission of Bringing Space Down to Earth and a dream of empowering space flight legacy status for new advancements while conveying information and prescient examination to homegrown and worldwide clients.

    Sidus Space (SIDU) makes it simple for any company, industry, or vertical to get their excursion going planet with our quickly adaptable, minimal expense satellite administrations, space-based arrangements, and testing options. Something other than a “Satellite-as-a-Service” supplier, SIDU becomes confided in Mission Partner from idea to Low Earth Orbit and then some.

    Sidus Space (SIDU) this week declared piece of the Board of Directors, as of late framed with Sidus’ first sale of stock, which shut on December 14, 2021.

    SIDU’s five-part Board incorporates three autonomous chiefs and is made out of the accompanying:

    • Dana Kilborne is the President and CEO of Cypress Bank and Trust and CEO of Cypress Capital Group. She brings to the SIDU Board a wide foundation in finance, bookkeeping, business and administration.
    • Mr Cole Oliver is a value accomplice in the law office of Rossway, Swan, Tierney, Barry and Oliver. He has broad legitimate insight and a wide breath of information and comprehension of the effect of the space business on nearby, government and worldwide economies.
    • Mr Miguel Valero is an overseeing accomplice with Détente LLC, a methodology and monetary warning firm that spotlights on innovation related with broadcast communications, satellites, and space. He brings to Sidus Space (SIDU) a broad involvement with the space business and has created strong associations with vital participants in business space.
    • Mr Jamie Adams is Chief Technology Officer at Sidus Space. His choice to the SIDU governing body was because of his heritage experience in the space business alongside his situation as CTO.
    • Hymn Craig is the organizer and Chief Executive Officer of Sidus Space (SIDU). She is likewise the organizer and Chief Executive Officer of Craig Technologies. She was chosen to serve on SIDU directorate due her extended history of accomplishment in the space business, alongside her situation as CEO of Sidus Space.

    How solid is the SIDU board?

    The arrangement of such a board is an astonishing improvement for Sidus Space (SIDU) on the grounds that it is a gathering of industry specialists. The skill of chosen board individuals will assist SIDU with sending off its main goal forward; give vital guidance and backing key drives.

  • Standard Lithium (SLI) Stock: Reassessing Prospects

    Standard Lithium (SLI) Stock: Reassessing Prospects

    With over 5.07 million Standard Lithium Ltd. (SLI) shares trading Wednesday and a closing price of $7.00 on the day, the dollar volume was approximately 5.07 million. The Standard Lithium (SLI) shares have shown a positive weekly performance of 7.36% and its price on 01/26/22 gain nearly 6.06%. Currently, there are 143.40M common shares owned by the public and among those 128.68M SLI shares have been available to trade. SLI stock surged after signing a Letter of Intent (“LOI”).

    With whom SLI has marked the LOI?

    Standard Lithium (SLI) is a creative innovation and lithium advancement organization. The Company has dispatched its first-of-a-sort modern scale direct lithium extraction show plant at Lanxess’ south plant office in southern Arkansas. The exhibit plant uses SLI’s exclusive LiSTR innovation to specifically remove lithium from Lanxess’ tail brackish water. The exhibit plant is being utilized for confirmation of-idea and business plausibility studies.

    Standard Lithium (SLI) has marked a Letter of Intent (“LOI”) with Koch Minerals and Trading LLC (“KM&T”) for the acquisition of lithium compound off-take and the acquirement of key unrefined components.

    • The chief point of the LOI is to foster a market-based estimating component for KM&T to acquire lithium hydroxide (and other lithium synthetics) delivered by Standard Lithium at the South West Arkansas Project.
    • KM&T is additionally expected to help Standard Lithium (SLI) with the powerful acquirement of key natural substances and compound reagents by utilizing Koch’s mastery, organizations and worldwide scale.
    • Regarding future lithium synthetic off-take, this doesn’t influence any off-take courses of action existing or examined with LANXESS, connected with the proposed future business plant(s) at their working offices.

    How the relationship will benefit SLI?

    Koch is a huge financial backer in Standard Lithium (SLI), and SLI is pointing growing this essential relationship. Fostering a market-based valuing off-take structure with KM&T at SLI’s South-West Arkansas venture will permit the Company to profit from the extended exorbitant costs for lithium synthetic substances in the approaching ten years and then some. Furthermore, the capacity to use KM&T’s significant buying and ware exchanging abilities to improve the value, quality and amount of reagents needed to work the plants later on, which is significant both for financing these tasks just as their effective activity.

    What SLI is investigating at its fundamental venture?

    The lead venture of Standard Lithium (SLI), situated in southern Arkansas, is verifying the business practicality of lithium extraction from north of 150,000 sections of land of allowed salt water activities. SLI’s innovation centered way to deal with maintainable task advancement separates it from other lithium mining organizations.

  • Growth Story Still Intact For Sierra Oncology (SRRA)

    Growth Story Still Intact For Sierra Oncology (SRRA)

    With over 33.71 million Sierra Oncology Inc. (SRRA) shares trading Tuesday and a closing price of $22.68 on the day, the dollar volume was approximately 33.71 million. The SRRA shares have shown a positive weekly performance of 17.57% and its price on 01/25/22 gain nearly 46.23%. Currently, there are 13.67M Sierra Oncology (SRRA) common shares owned by the public and among those 5.44M shares have been available to trade. SRRA stock rocketed after entering into a term loan agreement.

    Why SRRA went into the term credit?

    Sierra Oncology (SRRA) is a late-stage biopharmaceutical organization on a mission to convey designated treatments that treat uncommon types of malignant growth. SRRA bridles its profound logical ability to recognize intensifies that focus on the main driver of sickness to progress designated treatments with resources on the main edge of malignant growth science.

    The group at SRRA adopts a proof based strategy to comprehend the impediments of current therapies and investigate better approaches to change the disease treatment worldview. Together SRRA is changing guarantee into patient effect.

    Sierra Oncology (SRRA) yesterday reported it has signed a term loan agreement with Oxford Finance, LLC.

    • The loan is intended to basically uphold the business readiness and expected send off of momelotinib, an investigational specialist for the therapy of myelofibrosis, an uncommon type of blood disease.
    • SRRA gauges it had money and money reciprocals of $104.7 million as of December 31, 2021.
    • The solid money position along with the term credit office with Oxford makes extraordinary monetary flexibility for Sierra Oncology (SRRA) as it moves towards a NDA documenting and likely endorsement of momelotinib.
    • Under the conditions of the advance concurrence with Oxford Finance, LLC, SRRA drew an underlying $5 million term loan at shutting.
    • Sierra Oncology (SRRA) can access up to an extra $120 million in a progression of tranches, $70 million of which depend on specific pre-decided achievements, including US administrative endorsement and financing, and $50 million is at the loan specialist’s circumspection.
    • Moreover, SRRA’s Series B Warrants lapse 75 days from today, and if completely worked out, would give a sum of $33.3 million in continues to the organization.

    What else SRRA has shared?

    Sierra Oncology (SRRA) likewise reported its expectations to offer and sell $100.0 million of portions of its common stock in a guaranteed public offering. Moreover, SRRA means to give the financiers a 30-day choice to buy up to $15.0 million of additional shares of its common stock.

  • Stock Ideas In Uncertain Times: Comstock Resources (CRK)

    Stock Ideas In Uncertain Times: Comstock Resources (CRK)

    Comstock Resources Inc. (CRK) is soaring on the charts today, down -7.52% to trade at $7.26 at last check. Shares in Comstock Resources (CRK) closed the last trading day at $7.85. The volume of CRK shares traded was 5.75 million, which is higher than the average volume over the last three months of 2.80 million. During the trading session, the CRK stock oscillated between $7.23 and $7.88. CRK had an earnings per share ratio of -2.32.

    Comstock Resources (CRK) stock has lost -11.70% of its value in the previous five sessions and moved -9.46% over the past one month, but has lost -2.97% on year-to-date basis. The CRK stock’s 50-day moving average of $8.45 is above the 200-day moving average of $7.39. Moreover, CRK stock is currently trading at RSI of 36.44. CRK stock is falling after announcing single digit reserve growth last year.

    How much CRK has developed its reserves year before?

    Comstock Resources (CRK) is a free energy organization that participates in the procurement, investigation for, advancement, and creation of oil and gaseous petrol principally in Texas, Louisiana, and North Dakota. As of December 31, 2020, CRK had 5.6 trillion cubic feet of flammable gas same and 17 million barrels of oil likeness demonstrated stores. CRK additionally claims interests in 2,864 delivering oil and petroleum gas wells. Comstock Resources, Inc. was established in 1983 and is settled in Frisco, Texas.

    Comstock Resources (CRK) reported that its demonstrated oil and flammable gas reserves  as of December 31, 2021 were assessed at 6.1 trillion cubic feet identical (“Tcfe”) when contrasted with complete demonstrated oil and gas stores of 5.6 Tcfe as of December 31, 2020.

    The hold still up in the air under the SEC rules and were evaluated by the CRK’s autonomous save designing firm. The 6.1 Tcfe of demonstrated reserves at December 31, 2021 were 37% created and 98% were worked by CRK.

    The current worth, utilizing a 10% rebate rate, of things to come net incomes before personal expenses of the demonstrated stores (the “PV-10 Value”), was around $6.8 billion, utilizing Comstock Resources (CRK) normal first of month 2021 costs of $3.33 per Mcf of petroleum gas and $62.38 per barrel of oil.

    How CRK went through 2021?

    Comstock Resources (CRK) created 1.2 million barrels of oil and 489.3 billion cubic feet (“Bcf”) or 496.5 billion cubic feet comparable (“Bcfe”) in 2021. In the final quarter of 2021, CRK’s creation arrived at the midpoint of 1.3 Bcfe of petroleum gas each day, which was an expansion of 12% over the final quarter of 2020. Absolute save increments supplanted 199% of CRK’s 2021 creation with boring exercises giving 161% of the hold substitution in 2021.

  • Why Unique Logistics International [UNQL] Stock Still Has Countless Sunny Days Ahead

    Why Unique Logistics International [UNQL] Stock Still Has Countless Sunny Days Ahead

    Unique Logistics International, Inc. [UNQL] stock was booming at the previous close as it surged 16.67% to $0.0007. The UNQL stock recorded a Volume of 21.93M against the 30-day Average Volume of 3.38M. During the last 52-week period the UNQL stock value ranged from $0.0147 to $0.3812. UNQL stock jumped following the release of its quarterly results.

    How stayed the Unique Logistics International during the revealed quarter?

    Unique Logistics through its completely claimed working auxiliaries, is a worldwide operation and cargo sending organization giving a scope of global coordinated factors benefits that empower its clients to move to the Company segments of their production network process. UNQL empowers its clients to share information with respect to their worldwide merchants and buy orders, execute the progression of products and data under their working directions, give perceivability to the progression of merchandise from processing plant to dissemination focus or store and when required, update their stock records.

    Unique Logistics International [UNQL] last week declared the documenting of its Current Report on Form 10-Q revealing record unaudited monetary outcomes for the subsequent quarter and the initial half-year of its present financial year.

    • Second-quarter net deals at UNQL expanded $280.8 million, or 225% versus the second quarter of the earlier year to $405.4 million
    • UNQL’s pay from tasks was up $5.7 million, or 190%, contrasted with that in the second quarter of the earlier year.
    • The changed EBITDA of UNQL came up $4.2 million, or 89% against a similar quarter a year prior.

    Key Business Highlights

    • Interest in global planned operations administrations stays solid. Occasional variables will without a doubt affect delivering volumes in the rest of the Fiscal Year, however, the general patterns are positive; and UNQL is in an ideal position.
    • The detailed income development mirrors the proceeding with the accomplishment of UNQL in accomplishing natural development and expanded piece of the pie by gaining new clients in a difficult planned operations market, through basic acquirement and showcasing systems.
    • The quarter finished November 30, 2021, was the pinnacle delivering period for USA imports.
    • UNQL’s acquisition system using contracted air freight limit just as long haul associations with delivery lines and aircrafts brought about the effective execution of expanded transportation interest.
    • UNQL is continually looking for cost-saving open doors all through all levels of its business.
    • Complete expense and working costs for the period were contained at a level where UNQL had the option to convey $8.7 million in Operating Income while keeping up with serious rates for its clients.
    • UNQL has had the option to convey steady expense execution as we look for cost-saving open doors at all levels of the business.

    How these outcomes will assist UNQL with facilitating?

    With this record quarter, Unique Logistics International [UNQL] remained solidly on target to accomplish and surpass our objectives for the Fiscal Year 2022. This natural development has situated us to keep making prudent vital acquisitions and extending our ability for new and repeating clients.

  • How Does The Phunware (PHUN) Stock Price Increase By 10% Premarket?

    How Does The Phunware (PHUN) Stock Price Increase By 10% Premarket?

    Shares of Phunware Inc. (PHUN) were last checked at $1.13 up 9.71% in pre-market trade. PHUN stock closed at $1.03 last session, decreasing -5.5% or $0.06. A share of Phunware stock fluctuated between $1.00 and $1.09 during the day. There were 1.87 million shares of PHUN stock exchanged, up from 1.68 million 50-day daily volumes and lower than the company’s 9.01 million year to date volume.

    The PHUN stock declined -32.68% over the past year, and in the last week it declined -7.21%. Price of Phunware stock has decreased by -43.09% during the past six months; however, since the last three months stock price has decreased by -35.63%. Thus far this year, PHUN stock has returned -18.25%. PHUN stock is moving up, as the company has hired a reputed firm to expand its investor relations efforts.

    Who has Phunware engaged?

    Phunware is a leading provider of Multiscreen-as-a-Service (MaaS), an enterprise cloud platform that is fully integrated for mobile. With PHUN MaaS, companies can engage, manage, and monetize their mobile application portfolios and audiences globally at scale through products, solutions, data, and services. Location-based services, mobile engagement, content management, messaging, advertising, loyalty (PhunToken & PhunCoin), and analytics make up PHUN’s Software Development Kits (SDKs).

    In addition to the SDK for developing mobile applications, PHUN’s SDK also includes software modules that are pre-integrated with iOS and Android to allow customers to build vertical solutions and apps in-house or for their channels. When operating at scale, PHUN’s platform is touched by approximately one billion active devices each month, helping the world’s top brands create category-defining mobile experiences.

    As part of its expanded investor relations program initiatives, Phunware has engaged Steve Grasso of Grasso Global, Inc., to support institutional investor outreach as well as other consultation services, announced PHUN in a statement today.

    • In an environment where brands seek to leverage mobile platforms to personalize customer engagement, PHUN has an outstanding opportunity to lead a transformational shift.
    • In addition to introducing Phunware to institutional investors, Grasso will work with management to strategize on how to navigate the financial markets more effectively.
    • In over 20 years, Grasso has provided real-time trading advice and services to the world’s largest mutual funds, pension funds, insurance companies, and hedge funds.
    • By closely monitoring the Washington DC/Markets connection and utilizing his extensive network on Capitol Hill and the SEC, Grasso keeps clients informed of policy and regulatory changes.

    A value addition to PHUN team:

    The primary goal of Phunware (PHUN) is to maximize shareholder value, and it is certain that working closely with Grasso and his team at Grasso Global will help PHUN achieve that goal. The trade and institutional investment competencies of Grasso make it an invaluable addition to the investor relations team at Phunware.

  • Is This Why The Hoegh LNG (HMLP) Stock Lost In Afterhours Trading?

    Is This Why The Hoegh LNG (HMLP) Stock Lost In Afterhours Trading?

    As of Tuesday after-hours trade, shares of Hoegh LNG Partners LP (HMLP) have lost -56.74% to $7.73. HMLP stock closed at $17.87 last trading session, declining -0.22%. In HMLP, the stock’s trading volume was 0.23 million shares, which is higher than the 0.11 million shares average day-to-day for the last 50 days. HMLP stock has declined by 3.53% over the past week; however, it has bit stabilized losing just -0.17% over the last month.

    Stock prices of HMLP have increased by 9.30 percent in the last three months and by 56.48 percent thus far this year. In addition, the HMLP stock has earnings to price ratio of 8.95. Following an announcement that quarterly cash distributions would cease, HMLP stock fell.

    Why HMLP discontinued the cash distribution?

    A leading floating LNG service provider, Höegh LNG Holding Ltd. formed Höegh LNG Partners LP, a growth-oriented limited partnership. Ownership, operation and acquisition of floating storage and regasification units (“FSRUs”) and associated LNG infrastructure assets constitute the HMLP’s strategy. Including options, HMLP’s average remaining firm contract term for its five FSRUs as of March 31, 2021 is 8.3 years, which is the industry’s leading average.

    Höegh LNG Board of Directors today announced that the Partnership’s quarterly cash distribution has been lowered to $0.01 per common unit.

    • The amount was less than the $0.44 distribution per common unit paid by HMLP in the first quarter of 2021.
    • HMLP’s common unitholders of record as of the close of business on August 6, 2021 will receive the first cash distribution in the new structure for the second quarter of 2021.
    • Despite a refinancing of the PGN FSRU Lampung credit facility, HMLP needs to conserve internal cash flow in order to resolve the ongoing issues.
    • As a result, HMLP intends to reduce its debt levels and improve its balance sheet using internal cash flow generated by the Partnership.
    • HMLP’s cumulative redeemable Series A preferred units at 8.75% remain unchanged for the current quarter at $0.546875.
    • HMLP’s all holders of 8.75% Series A preferred units by record as of August 9, 2021 will receive cash distributions on August 16, 2021 for the period between May 15, 2021 and August 14, 2021.

    How HMLP Stock will proceed further?

    A refinancing of the PGN FSRU Lampung credit facility, which was for closure by the end of the second quarter of 2021, has not yet been completed because the charterer of the vessel has not agreed to and countersigned certain customary documents. As a result, Höegh LNG (HMLP) is exposed to arranging alternative refinancing or restructuring the existing refinancing to avoid early maturity of the debt facility on September 29, 2021, as was originally planned for October 2021.

  • How Could This Cause Exela Technologies (XELA) Stock To Rise Premarket?

    How Could This Cause Exela Technologies (XELA) Stock To Rise Premarket?

    In Tuesday’s premarket session, shares of Exela Technologies Inc. (XELA) were trading at $2.82, up 14.63%. At the close of the last trading session, Exela stock was trading at $2.46 with an increase of 1.23%. A total of 25.11 million shares of Exela Technologies were traded on Monday, below the 75.72 million shares traded on average during the last 50 days.

    Over the last one month, the XELA stock has increased 86.36%, while the shares of Exela Technologies have fallen -19.34% over the last five days. XELA stock price has risen 18.27% over the past three months and has gained 97.45 percent so far this year. XELA stock is gaining premarket following record user addition in Q2 2021.

    How did XELA add record-breaking numbers of new users?

    Exela Technologies is a provider of business process automation (BPA) solutions that improve quality, productivity, and end-user experiences. XELA has a global footprint and proprietary technology to deliver smart solutions to organizations worldwide. XELA has over 4,000 customers across 50 countries, including over 60% of the Fortune 100, and has operated mission-critical processes for decades.

    As a leading provider of information management, workflow automation, and integrated communications solutions, XELA brings innovative solutions to industries including banking, healthcare, insurance, and the public sector. XELA’s software and services are industry-specific for banking, healthcare, and insurance.

    Exela announced today that their Digital Mailroom (“DMR”) and DrySign solutions added an unprecedented number of new users during the second quarter of 2021.

    • DMR and Drysign have both grown in the preceding 90 days, with DMR growing by 99% in the SMB customer base and Drysign growing by 144% in the user base.
    • The rapid growth of XELA’s SMB solutions has been a contributing factor to all the positive feedback that it is receiving from its customers.
    • Thousand of new users are joining XELA’s customer base each month and the company is building a marketplace.
    • A new Exela Technologies product, DrySign in India, as well as DMR in the UK, were released during the second quarter as part of its plan to launch into new geographies.
    • It is planned to launch DMR in France and Germany as the next large markets in the third quarter of this year.
    • Exela Technologies continues to develop DAG offerings for SMBs and the international markets it serves.

    How has Exela Technologies grown so rapidly?

    A thriving business opportunity awaits Exela (XELA) with cross-selling, expansion, and new logos coming into fruition through multiple channels. Digital transformation is enabling XELA’s customers to enjoy many benefits as their customer base grows every month. Furthermore, Exela made use of its technology as it continued to roll out additional products for SMBs.

  • What Caused Greenpro (GRNQ) Stock To Fell Nearly 6%?

    What Caused Greenpro (GRNQ) Stock To Fell Nearly 6%?

    During after-hours trading hours on Monday, the share price of Greenpro Capital Corp. (GRNQ) fell by -5.38% to $0.88. A gain of 14.81% ended the regular trading session at $0.93 for GRNQ stock. The GRNQ stock price ranged between $0.8152 and $1.12.

    GRNQ stock traded 5.25 million shares, outpacing its daily average of 2.07 million shares over 100 days. The last five days have seen GRNQ shares rise by 6.90%, but in the last month, they fell by -31.62%. Investors took profits from gains garnered in regular trades in extended trades, causing GRNQ stock to fall after hours.

    Has GRNQ stock been going well lately?

    Greenpro is a Nevada corporation based in Kuala Lumpur with strategic offices across Asia. The GRNQ Business Incubator has diversified its portfolio of businesses in the areas of fintech, technology, banking, cryptocurrency, health and wellness, and fine art. In addition to trust and wealth management, GRNQ stock provides a comprehensive range of cross-border business solutions, including listing advisory services, record management services, transaction services, tax advisory services, and accounting outsourcing services. In addition, GRNQ’s venture capital division provides financial services, technology, and FinTech consulting, as well as health and wellness services to start-ups as well as high growth firms.

    As of this month, Greenpro has committed up to $5 million in funding for STO (Security Token Offering) projects on CryptoSX Digital Asset Exchange (CryptoSX).

    • Through its partnership with CryptoSX, GRNQ will drive transformational investments and create world-class blockchain companies.
    • As of now, GRNQ stock has already identified several investment opportunities in energy storage, health, and defi lending.
    • GRNQ will increase shareholders value by investing in pre-STO projects that are best in class, rather than waiting for its portfolio companies to achieve their IPO events. IPOs for smaller companies are commonly very expensive and lengthy.
    • CryptoSX, in the Philippines, is a fully licensed and regulated exchange under CEZA that has already listed 6 security token offerings (STOs) since the start of 2019.
    • Additionally, CryptoSX is working on nine other STO projects for secondary trading and primary listing in the second half of 2021.

    GRNQ’s investment strategy:

    Through sophisticated capital deployment, GRNQ stock has already demonstrated its ability to transform markets by empowering bright and experienced entrepreneurs with its investments including World Championship Air Race (June 2021), Angkasa-X LEO Satellite Company (May 2021), South East Asia Technology Ventures (January 2021) and Global Leaders Corporation (May 2021).

    GRNQ’s potential and plans:

    Furthermore, Greenpro (GRNQ) plans to set up its Bitcoin Fund by December 2021. GRNQ helps daring entrepreneurs build legendary companies from the very first idea through IPO and beyond. GRNQ’s strategy keeps evolving to facilitate the advancement of the human race by harnessing emerging technologies which also generate compound returns for its stakeholders.