Net Element NETE shares were trading higher on Wednesday after the company announced a definitive agreement to merge with Mullen Technologies in a stock-for-stock reverse merger.
Net Element is a financial technology-driven group specializing in mobile payments and other transactional services in emerging countries and the United States. It operates through two segments. The North America Transaction Solutions segment provides technology and services to businesses that are required to accept cashless transactions, mobile payment services, merchant performance analytical tools, and merchant back office reporting.
Net Element shares were trading at $19.75 at the opening of the market but were down to $15.32 at time of publication on Wednesday. The stock has a 52-week high of $20.08 and a 52-week low of $1.47.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
