Prestige Wealth Acquiring Wealth AI
DENVER, Colo., Aug 26, 2024 (247marketnews.com)- Prestige Wealth Inc. (NASDAQ: PWM) reported that it entered into a definitive acquisition agreement to purchase all shares of SPW Global Inc, which owns Wealth AI, for a total purchase price of US$4.5 million, subject to customary closing purchase price adjustments.
The transaction, expected to close in the fourth quarter of 2024, will enhance PWM’s technology strength in artificial intelligence space and facilitate PWM’s development of next-generation AI-driven wealth management solutions for its clients.
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