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GreenBox POS (NASDAQ: GBOX) announced a binding agreement to acquire Roark Holdings Ltd, a UK licensed payment institution, in an all-stock deal involving 150,000 shares. This strategic acquisition allows GreenBox to enhance its market presence across various regions by leveraging Roark's advanced payment processing technology. The acquisition is expected to facilitate the onboarding and processing of merchant businesses in the UK, contributing to GreenBox's long-term growth strategy and market expansion.
GreenBox POS (NASDAQ: GBOX) reported a record-setting performance in its retail division for Q4 2021, attributed to the successful integration of ChargeSavvy. This acquisition led to a remarkable 166% revenue increase compared to Q4 2020. The leadership team has executed their acquisition strategy effectively, enhancing ChargeSavvy's operations to drive efficiencies and profitability. CEO Fredi Nisan highlighted the efficient transition as a key factor in achieving these results. The company's focus on innovative blockchain solutions positions it for continued growth in the fintech landscape.
GreenBox POS (NASDAQ: GBOX) announced a significant increase in its share repurchase program, allocating an initial sum of $10 million. This follows the buyback of approximately 800,000 shares in H2 2021. The program is part of the company's strategy to capitalize on perceived undervaluation and will utilize its available cash exceeding $80 million. GreenBox aims to enhance shareholder value while pursuing aggressive growth initiatives through strategic partnerships and potential acquisitions.
GreenBox POS (NASDAQ: GBOX) will host a corporate update call on December 9, 2021, at 4:30 p.m. EST. The call will provide insights into the Company’s strategic growth initiatives, technology development, and recent acquisitions. Chairman Ben Errez and management will lead the discussion, followed by a Q&A session. Participants can call in using the U.S. number 1-877-407-4018 or the International number 1-201-689-8471. A playback of the call will be available until March 9, 2022.
GreenBox POS (NASDAQ: GBOX) announces the appointment of Jacqueline B. Reynolds as Chief Marketing Officer. Jacqueline brings extensive experience from leading brands such as Coca-Cola and McDonald's. She aims to enhance GreenBox's brand positioning and marketing strategies, focusing on innovative payment solutions leveraging blockchain technology.
CEO Fredi Nisan emphasized her data-driven approach and bold vision will be critical to the company's mission in the evolving fintech landscape.
GreenBox POS (GBOX) reported strong Q3 2021 results, with revenues of $8.0 million, a 163% increase year-over-year, and a transaction volume of $540 million, up 1,400% from last year. Year-to-date processing volume reached $1.4 billion. The company secured a $100 million convertible note financing to support acquisitions and technology development. However, net income fell to ($6.0) million due to increased operating expenses. Looking ahead, GreenBox expects to exceed its 2021 guidance with an estimated $4.9 billion in processing volume for 2022.
GreenBox POS (NASDAQ: GBOX) has closed a $100 million convertible note financing, receiving $84 million after deductions. The funds will be allocated for acquisitions, launching its Coyni stablecoin custodial revolver, and supporting growth plans. With this financing, GreenBox aims to transform payment solutions and enhance its financial infrastructure. The note matures in 24 months with an initial conversion price at over an 80% premium, setting the enterprise value upon conversion at over $700 million.
GreenBox POS (NASDAQ: GBOX) has appointed Paul Levine as the Chief Executive Officer & Co-Founder of its Coyni Stablecoin spinoff. With over 30 years of experience in payments, Levine has a strong background in digital payment solutions, previously serving as President of Planet Payment, where he oversaw a billion-dollar processing volume. His leadership is expected to drive Coyni’s adoption and growth. Levine emphasizes the transformative nature of digital assets in enhancing payment efficiency, safety, and speed.
GreenBox aims to leverage blockchain technology to innovate payment solutions.
GreenBox POS (NASDAQ: GBOX) announced a $100 million financing agreement, expected to yield $84 million post-discount. Proceeds will fund acquisitions, the launch of the Coyni stablecoin, and working capital for growth. The company boasts a valuation over $700 million, indicating a significant premium over current equity prices. The convertible note matures in 24 months with a conversion price reflecting an 80% premium to market values as of October 29, 2021. EF Hutton acts as the exclusive placement agent, with offerings made under SEC regulations.
GreenBox POS (NASDAQ: GBOX) will release its Q3 2021 financial results on November 11, 2021, after market close. Management will hold a conference call at 4:30 p.m. Eastern Time on the same day to discuss the results and provide a corporate update. Interested participants can join by dialing 1-800-430-8332 for US callers or 1-323-289-6576 for international participants, using Conference ID: 7785831. A playback of the call will be available until February 11, 2021. More details can be found on GreenBox’s website.
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