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An update from Xcyte Digital Corp. ( (TSE:XCYT) ) is now available.
Xcyte Digital Corp. has completed the acquisition of assets from Streamlined Communications LLC through its subsidiary, strengthening its sales and technology capabilities on a global scale. The acquisition includes technology, customer contracts, and business infrastructure, with a total transaction value of US$3.56 million funded through a combination of cash, debt, and shares. This strategic move is expected to boost Xcyte’s revenue and EBITDA, although the actual figures may vary from Streamlined’s reported results due to contractual and financial considerations.
More about Xcyte Digital Corp.
Xcyte Digital Corp. is a global events technology company specializing in next-generation event solutions. It aims to enhance its global market and technology footprint through strategic acquisitions, focusing on audio conferencing, collaboration solutions, webcasting, and virtual events.
YTD Price Performance: 8.33%
Average Trading Volume: 23,128
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$11.16M
See more insights into XCYT stock on TipRanks’ Stock Analysis page.
