Synteq Digital Enters Into Definitive Agreements for Strategic Real Estate Acquisition from Horizon Kinetics, Welcoming the Firm as its first Institutional Shareholder [Yahoo! Finance]
FRMO CORP (FRMO)
NASDAQ:AMEX Investor Relations:
frmocorp.com
Company Research
Source: Yahoo! Finance
definitive agreements with Horizon Kinetics (Horizon), and FRMO Corp. (FRMO), to acquire key real estate assets, including a data center in North Carolina with approximately 10MW of capacity in an all-equity transaction. This real asset transaction marks the first phase of Synteq Digital's broader strategic expansion. Horizon, a distinguished NYC-based fund manager with approximately $10.4 billion in assets under management,along with FRMO, will become a shareholder of Synteq upon the completion of this strategic transaction. This partnership underscores a shared vision for future growth and value creation in the digital infrastructure space. "This acquisition marks a pivotal moment in our growth strategy as we begin to build our balance sheet, allowing us to expand our service capabilities and infrastructure footprint rapidly," said Taras Kulyk, CEO of Synteq. "We are particularly excited to welcome Horizon Kinetics to our cap table. Having been a long-term client and partner to
Show less
Read more
Impact Snapshot
Event Time:
FRMO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FRMO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FRMO alerts
High impacting FRMO CORP news events
Weekly update
A roundup of the hottest topics