GammaRey and GoLogiq: A Match Made in Fintech Heaven
In a whirlwind of financial wizardry, blockchain fintech firm GammaRey has struck a merger agreement with e-commerce and analytics giant GoLogiq. This dynamic duo, rooted deep within the American soil (with a sprinkle of Southeast Asia prowess), is on a quest to reshape wealth management for the younger generations. Buckle up; the fintech landscape is about to get a makeover!
Breaking Down the Numbers: What’s on the Table?
As per the terms of their union, GoLogiq is set to unleash a whopping $320 million in common stock to scoop up 100% of GammaRey’s outstanding shares. Talk about a financial love story! With the transaction anticipated to wrap up in a matter of weeks (next year’s tax refund feels imminent), both companies are eyeing the potential of the wealth management needs of Millennials and Generation Z.
Cashing in on Cash Flow
Brent Suen, the chairman of GoLogiq, is upbeat about their merger, claiming it will help bolster their mission as a comprehensive fintech platform for underserved businesses and consumers. “Strong revenue growth and cash flow” are the key ingredients in Suen’s financial recipe. Who knew merging companies could sound so appetizing?
What’s Next? New Acquisitions on the Horizon
But wait, there’s more! Suen teased that they’re not done climbing the corporate ladder. GoLogiq is in the closing stages of yet another acquisition with more than $9 billion in managed assets, courtesy of GammaRey. This not only highlights GoLogiq’s ambition but also positions them as a formidable player in the fintech market.
Expected Revenue: A Game Changer?
The two powerhouses have set their sights on a goal for a comfortable $50 million in annualized revenue for 2023, assuming everything goes to plan. Imagine the possibilities when this merger bear fruit; they might even throw a party for all involved.
What’s in the Name? Stock Tickers and Future Plans
Once this merger officially crosses the finish line, GoLogiq stock will maintain its over-the-counter status under the ticker GOLQ. However, in true fintech style, the companies hinted at a potential uplisting to a more glamorous arena like Nasdaq or the NYSE. Who wouldn’t want the red carpet treatment? But this glittery future would hinge on meeting certain criteria, so let’s keep our fingers crossed!
In Conclusion: A Leap into the Future of Finance
This merger represents not just a business transaction but a bridge to the future of financial technology. With an aim to cater to the financial needs of the new generation, GammaRey and GoLogiq are set to turn heads and maybe even shake up the traditional playbooks of wealth management. Buckle up, folks; the real show is yet to come!
+ There are no comments
Add yours