Home Equities Score Alfi, Inc. (ALF) Stock Surges Following Announcement of New Chief Revenue Officer

Alfi, Inc. (ALF) Stock Surges Following Announcement of New Chief Revenue Officer

Alfi, Inc. (ALF) stock prices were up by 2.49% as of the market closing on May 7th, 2021, bringing the price per share up to USD$3.70 at the end of the trading day. Subsequent pre-market fluctuations saw the stock skyrocket by 28.65% to hit USD$7.76.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Initial Public Offering

ALF announced on May 6th, 2021 that it had closed its previously launched initial public offering. The company had offered up to 3,731,344 shares of is common stock and warrants for purchase, with a public offering price of USD$1.15 per share and warrant. The gross aggregate proceeds come out to almost USD$15.5 million, before the deduction of expenses related to the offering.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Read More

IPO Details

Additionally, the company has granted underwriters a 45-day option allowing the purchasing of up to an addition 559,701 of shares and warrants. These would also be priced at the public offering price, with the warrants being exercisable for one share of common stock at an exercise price of USD$4.57 per share and an expiry date of five years from the date of issuance. Net proceeds are anticipated to be put towards reducing debt and facilitate the roll out of Alfi enabled tablet software and service.

Expansion of Senior Management Team

The company has also recently expanded its Senior Management team with the appointment of a new CRO, Ron Spears, who has extensive, hands-on experience building and managing advertising technology sales companies of varying sizes. Shareholders are confident in the company’s global sales strategy and execution moving forward under this new leadership.

Bases of ALF’s Success

ALF is a unique and innovate platform that set itself apart from its competitors in its ability to provide rich data and analytical insights. These can be used to facilitate real-time OOH ad optimization and agility along with interactive ads, allowing for the provision of more dynamic user experiences than traditional static messaging. Senior management is confidence in the market space available globally in light of ALF’s capacity to leverage its resources to become a leader in the market space.

Get the hottest stocks to trade every day before the market opens 100% ‎free. Click here now. 

Future Outlook for ALF

Armed with a solid liquidity position and a competent Senior Management team, ALF is on the cusp of potential exponential growth. Current and potential investors have place high hopes in the company, as indicated by recent ALF stock price trends.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Why Iconix Brand Group Inc (ICON) stock turnaround in the after-hours on Thursday?

Iconix Brand Group Inc (ICON) shares started the Thursday, June 17, 2021, trading be losing 1.87% and close the normal trading session at $3.14...

ISun Inc. (ISUN) stock surged during current market trading. Here’s the update

ISun Inc. (NASDAQ: ISUN) stock gained by 19.51% in the current market trading. iSun, based in Burlington, Vermont, is a company built on ideals...

The Trade Desk Inc. (TTD) stock plunged during pre-market. Here’s to know why?

The Trade Desk Inc. (NASDAQ: TTD) stock gained by 0.76% at last close whereas the TTD stock price declines by 90.03% in the pre-market...

Synaptogenix Inc. (SNPX) stock soars during after-hour trading. Why so?

Synaptogenix Inc. (NASDAQ: SNPX) stock gained by 6.33% at last close while the SNPX stock price rises further by 13.48% in the after-hours trading...

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Anpac Bio-Medical Science Inc. (ANPC) stock soars during pre-market trading. Here’s the update

Anpac Bio-Medical Science Inc. (NASDAQ: ANPC) stock gained by 0.46% at last close while the ANPC stock price surged by 22.40% in the pre-market...

VivoPower International Inc. (VVPR) stock soars during pre-market trading. What’s driving it high?

VivoPower International Inc. (NASDAQ: VVPR) stock gained by 1.13% at last close while the VVPR stock price surged during pre-market trading by 1.54%. VivoPower...

Related News

Anpac Bio-Medical Science Inc. (ANPC) stock soars during pre-market trading. Here’s the update

Anpac Bio-Medical Science Inc. (NASDAQ: ANPC) stock gained by 0.46% at last close while the ANPC stock price surged by 22.40% in the pre-market...

Arrival Inc. (ARVL) stock falls during pre-market trading. Here’s what you should know?

Arrival Inc. (NASDAQ: ARVL) stock plunged by 4.96% at last close while the ARVL stock price declines by 9.68% in the pre-market trading session....

Why Zomedica Corp. (ZOM) stock jumped on Thursday?

Zomedica Corp. (ZOM) shares were climbed 4.04% in after-hours on Thursday, June 17, 2021, and close the day at $0.94 per share. Earlier, ZOM's...

Novan Inc. (NOVN) stock plunged during pre-market. Let’s find out why?

Novan Inc. (NASDAQ: NOVN) stock declined by 9.36% at last close while the NOVN stock price plunged by 18.77% in the pre-market trading. Novan...

Why Toughbuilt Industries Inc (TBLT) stock went up on Wednesday?

Toughbuilt Industries Inc (TBLT) stock jumped 12.35% in the after-market on Wednesday, June 16, 2021, and close at $0.96 per share. Earlier in the...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam