Home Financial Markets How Did FSRV Stock Increase 9% During Extended Trading?

How Did FSRV Stock Increase 9% During Extended Trading?

Aftermarket prices have moved higher by 9.05% at $13.49 per share for FinServ Acquisition Corp. (NASDAQ: FSRV). In regular trading session, FinServ stock dropped -5.79% to close at $12.37.

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There were 0.59 million shares of FSRV stock traded, which is less than the average of 0.65 million shares traded in the last 50 days. During the last five trading days, the shares of FSRV have fallen -8.30% and that increases to -10.36% in the last one month. A recent development in an affiliated firm might be the reason behind the surge in FSRV stock.


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Updates from affiliate:

FinServ’s business is effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more businesses. FinServ and Katapult announced last December that they entered into a definitive merger agreement.

Following the closing of the transaction, the combined entity will be renamed as Katapult and the stock will begin trading under the new symbol “KPLT”. Among the closing conditions are FSRV stockholder approval and the satisfaction of other conditions.

Katapult announced last week that it has partnered with PC and gaming systems integrator Cybertron International, Inc.

  • Cybertron is divided into three sites to offer gaming systems through CLX, personal computer components from DiYPC, and enterprise-wide systems through Cybertron.
  • Systems Integrator team is renowned for being some of the most knowledgeable and skilled representatives in the market.
  • Customers with no or developing credit can acquire Cybertron’s branded products with Katapult’s lease-purchase solution.
  • Through their CLX brand, Katapult is thrilled to be a part of the retailer’s innovative commitment to PC gaming systems.

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Finally,

Several durable goods retailers rely on Katapult’s leasing product that integrates seamlessly with their online platforms. Getting funded quickly lets retailers attract new customers and grow, while consumers have a seamless checkout experience.

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