AllPennyStocks.com Small Cap Signs LOI For $39 Million Acquisition, Shares Surge On ...

Small Cap Signs LOI For $39 Million Acquisition, Shares Surge On News

Small Cap Signs LOI For $39 Million Acquisition, Shares Surge On News By: Tomas Ronolski - AllPennyStocks.com News

Monday, February 3, 2025

Amid a turbulent day dominated by tariff concerns, the stock market is mainly awash in red. However, a handful of stocks are managing to push higher, standing out against the broader declines. While most investors grapple with losses, one advancing stock in particular offers a glimmer of resilience in an otherwise bleak trading session.

Shares of GivBux, Inc. (OTCPK: GBUX) are surging on the news that the publicly traded Super App and charitable giving platform announced it had signed a Letter of Intent (LOI) to acquire VitorganAmerica.shop , a distributor of biomolecular health products. The $39 million acquisition will bring VitorganAmerica.shop’s innovative supplements into the GivBux network for expanded distribution across the United States and Latin America.

VitorganAmerica.shop, under the guidance of renowned medical expert Dr. David Contreras, specializes in high-quality biomolecular supplements and ampoules. These products, formulated by Dr. Contreras, are manufactured in FDA-registered facilities in the United States and South America.

Umesh Tim Singh, president of GivBux Inc., expressed enthusiasm for the acquisition. "Adding VitorganAmerica.shop’s exclusive biomolecular products aligns with our mission to deliver innovative, life-enhancing solutions to our growing direct-to-consumer network," Singh said. "This strategic move strengthens our product portfolio while positioning us for business expansion and increased user engagement with GivBux."

As mentioned, shares of GBUX are moving higher on the news, currently up 15.8% at $2.345 in late-morning trading.


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