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GreenBox (NASDAQ: GBOX) has partnered with Signature Bank to enhance its smart-contract token infrastructure. This partnership is a key step in deploying GreenBox's blockchain-based payment solutions, enabling real-time ledger operations through integrated APIs. Signature Bank's Signet™ platform allows continuous, 24/7 payment processing and is equipped to handle a significant increase in transaction volume. The collaboration aims to address issues in current cryptocurrency architectures, providing secure, instantaneous transactions with consumer protections.
GreenBox POS (NASDAQ: GBOX) has announced the finalization of its acquisition of ChargeSavvy LLC, a financial technology firm specializing in payment processing, at a significantly reduced valuation of $12 million in an all-stock deal, down from the previously stated $31.2 million. This strategic acquisition is expected to enhance GreenBox's market presence and accelerate transaction processing. The company anticipates a boost in revenue and net income growth following the deployment of its Smart-Contract Token technology.
GreenBox POS (NASDAQ: GBOX) has announced a significant increase in its 2021 processing volume guidance from $600 million to at least $1.2 billion, backed by early Q1 results that surpassed initial expectations. The surge in volume is attributed to a rapid onboarding of new merchants following the January launch of its Gen3 technology and an expanded banking network. CEO Fredi Nisan expressed optimism regarding the adoption of their blockchain technology and the potential for further adjustments to projections as smart-contract token technology is rolled out.
GreenBox POS, a financial technology company, announced that Chairman Ben Errez will ring the Nasdaq opening bell virtually on April 9, 2021. This event celebrates GreenBox's recent uplisting to the Nasdaq Capital Market on February 17, 2021. The virtual ceremony highlights the company's aim to raise awareness of its unique blockchain-based payment technology, which enhances security and efficiency for merchant clients globally.
GreenBox POS (NASDAQ: GBOX) reported a record processing volume of $131 million for Q4 2020, a 254% increase from Q3 2020. Despite this, Q4 revenues were $3.0 million, flat sequentially and down from $10.0 million in 2019, due primarily to ChargeSavvy exiting the ecosystem. The company incurred a net loss of $4.5 million for the quarter. Full-year revenues fell 14.8% year-over-year, totaling $8.5 million, with a net loss of $5.0 million. GreenBox plans to acquire ChargeSavvy, potentially boosting future revenue.
GreenBox POS (NASDAQ: GBOX), a financial technology company, will present at the Q1 Virtual Investor Summit on March 24, 2021, at 10:30 a.m. Eastern time. Ben Errez, Chairman, will lead the presentation and hold one-on-one meetings with institutional investors during the event. GreenBox focuses on leveraging blockchain security to create customized payment solutions, enhancing merchant processing efficiency and reducing fraud.
Registration is required for participation. For more details, visit www.investorsummitgroup.com.
GreenBox POS, a financial technology firm, announced a conference call on March 16, 2021, at 4:30 p.m. ET, to discuss their New Token Deployment Strategy. Chairman Ben Errez will detail the secure token technology, banking sponsors, and timelines, followed by a Q&A session. Participants should dial in early, using U.S. number 1-877-407-4018 or international 1-201-689-8471 with conference ID 13717032. A playback will be available until June 16, 2021.
For more information, visit GreenBox POS.
GreenBox POS (NASDAQ: GBOX) announced its Canadian subsidiary, MoltoPay, has onboarded a new merchant client in the food delivery sector. This aligns with GreenBox’s strategy to expand internationally after acquiring MoltoPay on August 3, 2020. The MSB license of MoltoPay allows businesses to use GreenBox’s services without needing their own license, ensuring compliance with Canadian regulations. CEO Fredi Nisan highlighted this as the largest addition to their Canadian portfolio, aiming to enhance secure digital payment transactions.
GreenBox POS (NASDAQ:GBOX) announced the closing of a public offering of 4,772,500 shares at $10.50 each, raising $50,111,250 before fees. The underwriter's over-allotment option was fully exercised, adding 622,500 shares. Trading commenced on February 17, 2021, on the Nasdaq Capital Market. Kingswood Capital Markets served as the sole bookrunning manager. The offering's registration was declared effective by the SEC on February 12, 2021. Proceeds are intended to support the company's growth in the financial technology sector.
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