KINETIC GROUP INC - KNIT STOCK NEWS

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Kinetic Group Inc. (KNIT) is a transformative digital technology company that recently acquired Binnops US Technologies Inc., a leading AI provider focusing on digital transformation for enterprises. With a robust portfolio of clients and a pipeline of opportunities, KNIT offers Digital Twins, Smart Assets, AI predictive analytics, and Metaverse engagement to enhance efficiency and productivity. The acquisition positions KNIT as a key player in the AI space, driving real results and impactful digital solutions for global clients.

01/03/2024 08:21 AM

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Kinetic Group, Inc. Finalizes Acquisition of Binnops US Technologies Inc- An AI Company Providing Digital Transformation Solutions to Enterprises

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Kinetic Group, Inc. (OTC: KNIT) has finalized the acquisition of Binnops US Technologies Inc., a leading AI company providing digital transformation solutions to enterprises. The acquisition positions KNIT as a leading provider of Digital Twins, Smart Assets, AI predictive analytics, and Metaverse engagement to enterprises and retail clients. With expected sales of US$5.1M and EBITDA of US$2.8M in the first year after the acquisition, Binnops' smart asset solutions drive real digital transformation solutions that enhance an enterprise's margins by increasing efficiency and productivity and managing risk through predictive analytics.

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06/23/2023 09:11 AM

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KINETIC GROUP, INC. SIGNS MOU TO ACQUIRE PROFITABLE AI COMPANY OFFERING DIGITAL TRANSFORMATION SOLUTIONS TO ENTERPRISES

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08/18/2022 09:00 AM

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KINETIC GROUP, INC. (OTC: KNIT) Retains International Monetary for Investor Relations, Capital Formation, and Other Strategic Services

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Kinetic Group, Inc. (OTC: KNIT) has partnered with International Monetary to enhance investor relations and seek new business opportunities. The agreement aims to raise awareness of KNIT in the marketplace and expand its shareholder base. Chairwoman Ana Maria Mendez expressed optimism about the deal, while International Monetary's Managing Director highlighted the potential growth for KNIT. The company focuses on telecom infrastructure in Latin America, emphasizing operational efficiency and compliance.

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05/27/2022 10:00 AM

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KINETIC Group (OTC:KNIT) ("KNIT") Acquires GSS Infrastructure LLC in an All Stock Transaction

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Kinetic Group (USOTC: KNIT) announced on May 27, 2022, a Letter of Intent to acquire GSS Infrastructure (GSSI) for a 100% equity stake. The all-stock purchase will provide KNIT with valuable telecom assets, including 50 tower sites and contracts with Telefonica Ecuador. This strategic acquisition aims to enhance KNIT's presence in Latin America, capitalizing on the region's 5G expansion opportunities. The transaction remains subject to conditions and definitive documentation.

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FAQ

What is the current stock price of KINETIC GROUP (KNIT)?

The current stock price of KINETIC GROUP (KNIT) is $7.16 as of May 17, 2024.

What is the market cap of KINETIC GROUP (KNIT)?

The market cap of KINETIC GROUP (KNIT) is approximately 189.2M.

What is Kinetic Group Inc.?

Kinetic Group Inc. is a digital technology company known for its recent acquisition of Binnops US Technologies Inc., a leading AI provider.

What does KNIT offer to enterprises?

KNIT offers Digital Twins, Smart Assets, AI predictive analytics, and Metaverse engagement to enhance efficiency and productivity for enterprises.

What are the key sectors KNIT serves?

KNIT serves sectors like energy, manufacturing, transportation, aeronautical, retail, and government with its digital transformation solutions.

Who is Ana María Méndez?

Ana María Méndez is the Founder and Chairwoman of KNIT, leading the company's expansion and market share growth in the AI space.

What is the recent financial performance of KNIT post-acquisition?

Post-acquisition, KNIT is expected to have sales of US$5.1M and EBITDA of US$2.8M, showcasing its strong financial position.

Who is the lead placement agent for KNIT?

CIM Securities LLC is the lead placement agent for KNIT, facilitating a $3 million raise to promote international sales and subscription-based revenue model rollout.

What is the preferred share offering by KNIT?

KNIT offers an 8% PIK Dividend Series A Convertible Participating Preferred priced at $1.00 per share, featuring a 1.5x liquidation preference.

What are the forward-looking statements by KNIT?

KNIT's forward-looking statements highlight anticipated revenues, income, distributions, and future growth, subject to risks and uncertainties detailed in SEC filings.