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BioQuest Inc. (OTC: BQST) Stock in Focus After the Acquisition News

Ian Leigh

If a company makes new acquisitions in hot sectors, then it generally leads to greater attention for its stock, and hence, it would not be a surprise if the BioQuest Inc. (OTC: BQST) stock gets traction today among investors. The company hit the news cycle after the announcement about its acquisition of BotMarkers Inc., a leading player in conversational AI.

The Acquisition

In the news release, the company announced that thanks to the acquisition, its own presence in the AI automation space would be strengthened further. Moreover, it would also speed up BioQuest’s pathway in its question of becoming a major player in the enterprise AI solutions. Following the acquisition, the company also appointed Trent T. Daniel as its chief executive officer with immediate effect.

Further Information

The company also stated that in recent days the stock had been trading at more than $1 a share and a regulation An offering of $5 million was filed last year that had been cleared by the Securities and Exchange Commission. The proceeds from the offering would help BioQuest in financing its branding and marketing activities while working on the fast development of the BotMarkers platform.

Ian Leigh

Ian Leigh is a specialist in analyzing stocks, SEC and OTC filings, and financials of public and privately-held companies. He has played a significant role in M&A activity, consulting with publicly-held firms on acquisitions and divestitures. He also consults on valuations and branding. He lectures at major universities and teaches at specialty financial schools.