Luokung Technology Corp. Announces Acquisition of 51% of EMG and strategic investments from Geely Technology and Acuitas Capital
Luokung Technology Corp - Ordinary Shares (LKCO)
Company Research
Source: PR Newswire
BEIJING, Nov. 13, 2019 /PRNewswire/ -- Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung" or the "Company"), one of the global leading spatial-temporal big-data processing technology companies, a leading interactive location-based services company in China, today announced that Geely Technology Group Co. Ltd (hereinafter referred to as "Geely Technology") and Acuitas Capital, LLC (hereinafter referred to as "Acuitas") have made strategic investments in Luokung Technoloy Corp. through the purchase of preferred shares and common stock. The investment of USD $42.5 million from Geely prompt the Company to complete the acquisition of 51% of eMapgo Technologies (Beijing) Co., Ltd. (hereinafter referred to as the "EMG") (the "Acqusition"). As a result, the Company will immediately begin to consolidate the financial results of EMG, which will be reflected in the Company fourth quarter and year-end financial results. The Company anticipates receiving funding of up to $100 million from Acuitas
Show less
Read more
Impact Snapshot
Event Time:
LKCO
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
LKCO 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
LKCO alerts
High impacting Luokung Technology Corp - Ordinary Shares news events
Weekly update
A roundup of the hottest topics
LKCO
News
- Luokung receives additional non-compliance notice from Nasdaq [Seeking Alpha]Seeking Alpha
- Luokung Announces Receipt of Nasdaq Notices Regarding Periodic Filing Compliance and Stockholders’ Equity DeficiencyGlobeNewswire
- Luokung regains compliance with Nasdaq minimum bid price requirement [Seeking Alpha]Seeking Alpha
- Luokung Regains Compliance with Nasdaq Minimum Bid Price RequirementGlobeNewswire
LKCO
Sec Filings
- 11/8/24 - Form SC
- 10/25/24 - Form 6-K
- 10/22/24 - Form 20-F
- LKCO's page on the SEC website