Infobird Co., Ltd Ordinary Shares - IFBD STOCK NEWS

Infobird Co., Ltd (NASDAQ: IFBD) has integrated ChatGPT into its AI-powered customer service system, making it one of the first companies in China to do so. This upgrade enhances the existing intelligent customer service robot, improving its performance by providing industry-specific knowledge and better handling of customer inquiries. The integration was completed after half a month of debugging and testing, and the upgraded system is now operational across various sectors including tax and retail. Infobird recognizes this development as a potential growth driver, aiming to expand ChatGPT integration into more products and professional services with complex customer service needs. This strategic move is expected to enhance business opportunities, optimize product design, and improve user satisfaction.

Infobird Co., Ltd (NASDAQ: IFBD), a leading SaaS provider for the finance industry, has priced a registered direct offering of 3,846,000 units at $1.30 each, raising approximately $5 million before fees. Each unit comprises one ordinary share and 0.65 warrants, with exercise prices matching the offering price. Concurrently, the company conducts a private placement for additional unregistered warrants. The offering is set to close on February 28, 2023. Maxim Group LLC acts as the placement agent. The offering is made under a SEC registration statement effective since February 17, 2023.

Infobird Co., Ltd (NASDAQ: IFBD), a SaaS provider, received a delinquency notification from Nasdaq on December 6, 2022. This notice indicates that the company's shares have been trading below the required minimum bid price of $1.00 for 30 consecutive business days. Infobird has until June 5, 2023, to regain compliance with this requirement, with the possibility of delisting if it fails. The notice does not affect the current trading status of the shares, which will continue to be listed on the Nasdaq during the compliance period.

Infobird Co., Ltd (NASDAQ: IFBD) announced on October 6, 2022 that it has regained compliance with Nasdaq's minimum bid price requirement. The notification followed an initial warning on March 28, 2022, due to a failure to maintain a minimum closing bid price of $1.00 per share over 30 consecutive trading days. After receiving extensions, including a 1-for-5 share consolidation on September 9, 2022, Infobird's shares closed above the required price from September 9 to October 5, 2022.

Infobird Co., Ltd (NASDAQ: IFBD) has partnered with a major taxi enterprise in China to develop an intelligent customer reception platform aimed at enhancing service efficiency and customer experience. The initiative is timely given the rising demand for taxi services due to urbanization and government regulations limiting cab licenses. Infobird's digital platform will utilize AI Chatbots for around-the-clock customer service, addressing various inquiries and complaints. This engagement signifies Infobird's commitment to expanding its presence in the transportation sector and highlights its expertise in customer management solutions.

Infobird (NASDAQ: IFBD) has secured a significant partnership with a major multinational enterprise to implement its SaaS product, 'Retail Rubik's Cube,' in the food service distribution industry. This marks Infobird's first client in this sector and highlights the company's expansion into diverse industries. The solution will focus on enhancing operational performance through customer flow analysis, engagement, and merchandising insights. Infobird continues to leverage its AI-driven customer engagement tools, aiming for improved market presence and operational efficiency in offline stores.

Infobird Co., Ltd (NASDAQ: IFBD) announced a 1-for-5 share consolidation effective September 9, 2022, to regain compliance with Nasdaq Marketplace Rule 5550(a)(2). Each five existing shares will convert into one new share, with no issuance of fractional shares. This consolidation, approved by the board on August 10, 2022, and shareholders on September 6, 2022, aims to maintain the Company's listing on Nasdaq under the same symbol 'IFBD' but with a new CUSIP number. Infobird is a provider of AI-powered customer engagement solutions in China.

Infobird Co., Ltd (NASDAQ: IFBD) announced that its subsidiary, Shanghai Qishuo Network Technology, has partnered with a top global sports footwear brand to enhance digital analysis in its China stores. This collaboration utilizes Qishuo's 'Retail Cube' to improve operational analysis, enabling better management of store performance. The global sportswear market, valued at $188.2 billion in 2020, is projected to reach $207.79 billion by 2025, with China being a key growth area. This partnership marks a significant milestone for Shanghai Qishuo's expansion in the footwear and apparel sector.