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$IFBD Infobird - On July 24, 2023, Infobird Co., entered into securities purchase agreement with investors, agreed to sell 88,105,727 ordinary shares, par value $0.025 per share, at $0.3405 per share, for proceeds of approximately $30,000,000. Transaction closed on July 26, 2023.
$IFBD - To Expand Global Presence with Relocation of Operations to Hong Kong ~ 07/20/23
Up 16.3% Pre-Market/ Current Price $0.99
$IFBD 21 patents, 105 software copyrights, 48 trademarks.. They are positioned well. China + AI stock trading at an absurd 7 million market cap. This is set for a big rebound imo. No worries of R/S or offering because they already got that out of the way this year. Onward and Upward now.
Infobird Co., Ltd Regains Compliance with Nasdaq Minimum Bid Price Requirement
May 31 2023 - 04:30PM
PR Newswire (US)
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BEIJING, May 31, 2023 /PRNewswire/ – Infobird Co., Ltd (NASDAQ: IFBD) ("Infobird" or the "Company"), a software-as-a-service provider of AI-powered customer engagement solutions in China, today announced that it received a notification letter (the "Notice") from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") on May 30, 2023 notifying the Company that it has regained compliance with the Nasdaq Capital Market's minimum bid price requirement and that the matter is now closed.
On December 6, 2022, the Company was notified by Nasdaq of its failure to maintain a minimum closing bid price of at least $1.00 per share for 30 consecutive trading days under Nasdaq Listing Rules 5550(a)(2) and 5810(c)(3)(A), and was given 180 days, or until June 5, 2023, to regain compliance. Effective May 15, 2023, the Company effected a 1-for-5 share consolidation.
The Notice noted that as of May 30, 2023, the Company evidenced a closing bid price of its ordinary shares at or greater than $1.00 per share for at least 10 consecutive business days from May 15, 2023 through May 26, 2023. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), and Nasdaq considers the matter closed.
About Infobird Co., Ltd
Infobird, headquartered in Beijing, China, is a software-as-a-service provider of innovative AI-powered, or artificial intelligence enabled, customer engagement solutions in China. For more information, visit Infobird's website at www.Infobird.com.
Cision View original content:https://www.prnewswire.com/news-releases/infobird-co-ltd-regains-compliance-with-nasdaq-minimum-bid-price-requirement-301838675.html
SOURCE Infobird Co., Ltd
I think it will run, crazy low float here!
Can it break up? Vatching klosely
OS under 4 million, this should fly on volume
Hopefully they check IFBD next for naked short selling so we can finally run!
hasn't been near this price since
This pos has been down now 6 days in a row??
$IFBD: Now $6........... how we doing today ??????????
Ohhhhhhh helzzzzzzz ya
$NATUF next !
GO $IFBD
I'm still holding a bag, 1st time I look at my stock in weeks. what's the catalyst here? I've been down since IPO
$IFBD: $5.70 ....... do you see what I see ?
How high did $ALF go yesterday ?????????
Thats right.
Next up............ $NATUF !!!!!!!
GO $IFBD
Great news today partnering with Chinese State owned CESTC! CEC revenue $30B! 70K employees in China and 150K worldwide. This is a big deal if a large contract partnership is given to Infobird to promote digital economy development! Climbing in AH already.
With 1% of the China market for Cloud computing services of ($142B) we are easily projected to be above $56/share! Company can’t say much during the 40 day quiet period but we are looking at a 10x+ for sure from the current levels we are at right now! Nice steady climb from here until a whale or two jumps in the water to cause a splash. (40 day quiet period ends prior to Tuesday, June 1st).
The IFBD rocketship is now boarding..
Don't get left behind.
imho
$IFBD
That would make sense however it does not prevent those who do own the 19M shares to sell. So yes the float may be 6.25M shares. Total OS is 25.25M.
to be clear, the whole float is about 6m shares though right? that's small if so, and this thing could easily pop
Looks like there was 19M shares prior to the IPO so it makes sense!
My broker shows 25.25M OS when this IPOed yesterday at 6.25M shares. WTF? Is anyone else have the OS at 25.25M or is that a typo?
it went the other way: down
$IFBD: Chinese Cloud SaaS around since 2001
And they have involvment with Huawei.
This could be a bigggggggggggg winner today
GO $IFBD
$IFBD: IPO today........ works with DELL & AliBABA
Definitely worth watching today.
english.infobird.com/
GO $IFBD
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Infobird Co., Ltd Announces Pricing of Initial Public Offering
April 19, 2021 18:31 ET | Source: Infobird Co., Ltd
...
BEIJING, CHINA, April 19, 2021 (GLOBE NEWSWIRE) -- via InvestorWire – Infobird Co., Ltd (“Infobird”), a software-as-a-service provider of innovative AI-powered, or artificial intelligence enabled, customer engagement solutions in China, announces the pricing of its underwritten initial public offering of 6,250,000 ordinary shares at a public offering price of $4.00 per share, before underwriting discounts and commissions. The offering is being conducted on a firm commitment basis. All of the ordinary shares are being offered by Infobird. The total expected gross proceeds of the initial public offering are $25,000,000, before underwriting discounts and commissions and offering expenses.
The ordinary shares have been approved for listing on The Nasdaq Capital Market and are expected to commence trading under the ticker symbol “IFBD” on April 20, 2021. The offering is expected to close on April 22, 2021, subject to customary closing conditions.
WestPark Capital, Inc. (“WestPark Capital”) is acting as the book-running manager for the offering. Infobird has granted the underwriters a 45-day option to purchase up to an additional 937,500 ordinary shares at the initial public offering price, less underwriting discounts and commissions, to cover over-allotments, if any.
A registration statement on Form F-1 (File No. 333-251234), as amended, including a prospectus, which is preliminary and subject to completion, relating to the offering, was filed with the U.S. Securities and Exchange Commission (the “SEC”), and was declared effective by the SEC on March 31, 2021. The offering of the ordinary shares is being made only by means of a prospectus. Copies of the final prospectus relating to the offering, when available, may be obtained on the SEC’s website at www.sec.gov and may also be obtained from WestPark Capital, Inc., 1900 Avenue of the Stars, Suite 300, Los Angeles, CA, 90067, or by email at jstern@wpcapital.com.
Before you invest, you should read the prospectus and other documents Infobird has filed or will file with the SEC for more complete information about Infobird and the offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Infobird Co., Ltd
Infobird, headquartered in Beijing, China, is a software-as-a-service provider of innovative AI-powered, or artificial intelligence enabled, customer engagement solutions in China. For more information, visit Infobird’s website at www.Infobird.com.
About WestPark Capital, Inc.
WestPark Capital is a full-service investment bank focused on emerging growth sectors such as healthcare, software, technology, biotechnology, financial services, manufacturing, consumer products, media and telecom industries, among other categories. WestPark Capital provides a comprehensive range of corporate finance services, including initial public offerings, follow-on offerings, ATMs, Registered Direct Offerings (RD), CMPOs, private placements, SIPOs and corporate finance advisory services. Additional information about WestPark Capital is available at www.wpcapital.com or by email at info@wpcapital.com.
Forward-Looking Statements
This press release contains certain forward-looking statements, including statements with regard to Infobird’s proposed initial public offering. Words such as “will,” future,” “expects,” “believes,” and “intends,” or similar expressions, are intended to identify forward-looking statements. Forward-looking statements are subject to inherent uncertainties in predicting future results and conditions and no assurance can be given that the proposed initial public offering discussed above will be completed on the terms described. Completion of the proposed initial public offering and the terms thereof are subject to numerous factors, many of which are beyond the control of Infobird, including, without limitation, the failure of customary closing conditions and the risk factors and other matters set forth in the prospectus included in the registration statement in the form last filed with the SEC. Infobird undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.
Contacts
Infobird Contact
Infobird Co., Ltd
Yimin Wu, Chief Executive Officer and Chairman of the Board of Directors
wuym@infobird.com
86-010-52411819
Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
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