QualityStocksNewsBreaks – GreenBox POS (NASDAQ: GBOX) Announces Strategic Acquisition, Eyes Expansion into Opportunistic Market
GreenBox (NASDAQ: GBOX), an innovative blockchain ledger fintech company, today announced its entry into a binding agreement to acquire Roark Holdings Ltd, a United Kingdom-based licensed payment institution, in an all-stock transaction for 150,000 shares. A respected payment institution, Roark Holdings T/A Paysos.com allows the licensor to process debit and credit card payments and local payments within the U.K. Through the purchase, GreenBox accomplishes a significant strategic objective of expanding across multiple markets, made possible with the technology capabilities of Roark Holdings. Key motivators for the acquisition were Roark Holdings’ infrastructure and cutting-edge software. “Accumulating an array of technologies is…