Singing Machine Completes Acquisition of Leading AI Logistics Company
StockNews.AI • 592 days
Low Materiality0/10
Information
Company Now Well Positioned for Accelerated Revenue Growth Fort Lauderdale, FL, July 05, 2024 (GLOBE...
Original sourceAI Summary
Singing Machine acquires SemiCab, a leading AI technology company in logistics. SemiCab's software improves efficiency, reduces costs, labor, and carbon emissions in logistics. Transaction structured as asset purchase/sale, with SemiCab receiving 10% of Singing Machine's stock.
Market-Moving
- Singing Machine acquires SemiCab, a leading AI technology company in logistics.
- SemiCab's software improves efficiency, reduces costs, labor, and carbon emissions in logistics.
- Transaction structured as asset purchase/sale, with SemiCab receiving 10% of Singing Machine's stock.
Key Facts
- Singing Machine acquires SemiCab, a leading AI technology company in logistics.
- SemiCab's software improves efficiency, reduces costs, labor, and carbon emissions in logistics.
- Transaction structured as asset purchase/sale, with SemiCab receiving 10% of Singing Machine's stock.