Orangekloud Technology Inks Agreement To Acquire Orbis Technology; Orangekloud Technology To Exchange 600M Ordinary Shares With Up To 3.968M Orbis Capital Shares
Orangekloud Technology Inc. (NASDAQ:ORKT) ("Orangekloud" or "the Company"), a Singapore-based technology company offering the eMOBIQ® No-Code platform for the development of mobile applications and SaaS
Orangekloud is buying another company called Orbis by giving away 600 million of its own shares. When companies merge like this, it can mean they want to grow bigger, but it also means each share you own becomes a smaller piece of the company.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.