Pulse Evolution Corp (PLFX)

[Orko]

Article on PLFX https://blog.newsquantified.com/ai-stock-skyrockets-as-markets-churn

Pulse Evolution Corporation (PLFX): up dramatically on news of acquisition offer from Evolution|AI Corporation.

Pulse Evolution Corporation owns an advanced human facial animation technology, licensed to firms pursuing unprecedented realism in human-like computer interactions.

Evolution||AI company has already been licensing this tech for use in its development of artificial intelligence applications. Indeed, Evolution was founded by a founder of PLFX.

Seeking to lock in pricing and access to the tech over a longer strategic window, Evolution today announced an upping of an existing acquisition offer for PLFX. Evolution|AI has already acquired an extensive array of animation IP in pursuit of hyper-realistic computer-generated facial imagery.

PLFX’s stock skyrocketed up over 150% on the news; those gains have since consolidated to around the 60% mark.

The gains mark a welcome respite for PLFX, which had traded as high as $3.60 in 2016. Its share price sits at $.20 after today’s gains.