GBOX - GBOX STOCK NEWS

GreenBox POS (NASDAQ: GBOX) has announced its participation in the H.C. Wainwright 24th Annual Global Investment Conference from September 12-14, 2022. The event will take place at the Lotte New York Palace Hotel, and will offer both in-person and virtual attendance options. Ben Errez, Chairman of GreenBox, will engage in one-on-one meetings with investors and present the company's advancements in digital finance, including significant processing volume growth and innovative payment solutions. Additional details about the proposed new brand name will also be discussed.

GreenBox POS (NASDAQ: GBOX) announced a significant restructured agreement regarding its $100 million convertible note financing. The maturity date has been extended by one year to November 5, 2024. Starting October 3, 2022, interest payments may be paid in shares of common stock unless otherwise specified. This restructuring is aimed at mitigating risks and enhancing cash flow, allowing GreenBox to concentrate on long-term growth and potential merger and acquisition opportunities. Further details are available in the filed Form 8-K.

GreenBox POS (NASDAQ: GBOX) announced the immediate appointment of J. Drew Byelick as Chief Financial Officer following Ben Chung's resignation on August 16, 2022. Byelick brings extensive experience from previous roles, including CFO at Aero Components and positions at AZZ Inc. He is expected to play a crucial role in integrating recent acquisitions and enhancing GreenBox's payment processing capabilities, which reached approximately $2 billion last year. GreenBox aims to leverage Byelick's expertise as it continues to develop and expand in the fintech sector.

In Q2 2022, GreenBox POS (GBOX) achieved record processing volume exceeding $1 billion, surpassing internal projections by 50%. Revenue rose to $7.0 million, a 42% increase from Q1 2022. Notable growth included a $769 million volume from acquiring businesses and $184 million from FX and international payments. The company launched the TBAS digital payment platform, gaining 13% market share in American Samoa. Despite these milestones, gross profit declined to 40.5% of revenue, reflecting increased processing costs. The net loss narrowed to $10.9 million for H1 2022, showing gradual improvement.

GreenBox POS (NASDAQ: GBOX), a burgeoning financial technology firm, announces its participation in the Q3 Investor Summit scheduled for August 16-17, 2022. Management will present virtually, with Ben Errez, the Chairman, slated to speak on August 17 at 12:30 p.m. ET. One-on-one investor meetings will also occur during the event. For participation, registration is required. GreenBox specializes in providing customized payment solutions with a focus on blockchain security, enhancing transaction efficiency for its merchant clients.

GreenBox POS (NASDAQ: GBOX) will release its financial results for the second quarter of 2022 on August 15, 2022, after market close. Management will host a conference call at 4:30 p.m. Eastern time to discuss the results, provide updates, and answer questions. Participants can dial in using US number 1-844-407-4018 or international 1-201-689-8471, with a conference ID of 13732037. The call will be available for playback until November 15, 2022. GreenBox POS offers innovative payment solutions utilizing blockchain technology.

GreenBox POS (NASDAQ: GBOX) shared a CEO letter outlining the company's growth plans and financial standing amid market challenges. CEO Fredi Nisan emphasized confidence in their technology and strategic direction, despite a competitive landscape. Key metrics include $27M in cash, processing over $250M monthly, and a projected annual volume exceeding $4B for 2022. The company aims for over $35M in revenue in 2022, while addressing the impact of market conditions on stock price, including removal from the Russell 3000 index.

GreenBox POS (NASDAQ: GBOX) has announced a partnership with Armanino, aimed at enhancing transparency in the stablecoin industry. The collaboration allows for real-time attestation of all custodial accounts, a move that supports the company's vision for better liquidity and trust among customers. Chairman Ben Errez expressed optimism for future industry trends towards liquid backing and frequent audits. GreenBox POS emphasizes that its operational model since inception ensures high standards of accountability, providing unmatched stability and transparency in the stablecoin market.

GreenBox POS (NASDAQ: GBOX) has announced its participation in the H.C. Wainwright Global Investment Conference, scheduled for May 23-26, 2022, at the Fontainebleau Miami Beach Hotel. Chairman Ben Errez will present on May 24 at 7:00 a.m. Eastern Time and will also engage in virtual one-on-one meetings with investors. Interested parties can view the presentation on demand through a provided link. GreenBox specializes in fintech solutions, leveraging blockchain technology for customized payment systems.