Bell Buckle Holdings Inc. (OTC:BLLB) Stock Surges 20%: Now What?
In light of the announcement made by the company on Wednesday, it is likely that Bell Buckle Holdings Inc. (OTC:BLLB) is going to be in focus among investors today. On May 1, the company provided an update with regards to its merger agreement with Green Mantis LLC. The company noted that a definitive merger agreement had been inked between Bell Buckle Holdings, its formerly controlling shareholder RG Barron Funds Ltd., Green Mantis LLC, and the currently controlling shareholder Roger Hood & Reginald Kelly.
As per the terms of the agreement, Bell Buckle Holdings would acquire the entirety of Green Mantis, and the controlling shares in the company would be transferred to Roger Hood & Reginald Kelly. In light of the acquisition, it could be a good move to take a look into Green Mantis a bit more closely. It is a limited liability company based out of Michigan and owns as well as markets intellectual property. Green Mantis is mainly involved in intellectual property, which serves high-tech services and products in the United States as well as in international markets.
Additionally, it also provides consulting services that are geared towards the achievement of net zero. It was also announced that, following its merger with Bell Buckle Holdings, Green Mantis aimed to launch a number of new technology-powered services and productions into the market. One of the first product launches would be made in the fourth fiscal quarter of 2024, which would be an investment management system based on neural networks.
It was also noted that the innovative ETF portfolio management system had been offered to advisory firms previously. The system had been developed over the course of the past two decades and has been used for live trading over the past decade. It could be a good time to keep Bell Buckle Holdings stock on your watch lists.
