SPYR Inc. (SPYR) Begins Actualizing 2022 Expansion Plans with Entry into Material Definitive Agreement to Acquire GeoTraq, Inc.

  • Earlier this year, SPYR announced its acquisition and expansion plans for this year that involved possible acquisitions of two companies 
  • In a recent announcement, the company reported it had entered into a material definitive agreement to acquire one of the two targets: GeoTraq, Inc.
  • GeoTraq develops and manufactures 100% self-contained, fully-integrated, ultra-small, plug-and-play mobile IoT modules that consume low power
  • The acquisition positions SPYR to tap into the growing cellular IoT market and cellular IoT module space
  • Upon completing the acquisition, SPYR will have two subsidiaries

In a late March announcement, technology company SPYR (OTCQB: SPYR), dba SPYR Technologies, which, through wholly owned subsidiary Applied Magix, Inc., operates in the Internet of Things (“IoT”) market, documented its acquisition and expansion plans for 2022 that would build on prospects the company had quietly explored during the 2021 fiscal year. The acquisitions, the March 28 press release noted, would strengthen SPYR’s balance sheet and grow shareholder value (https://ibn.fm/lBSGS).

At the time, the company had been in preliminary discussions with two targets. “Over the past year, we have been actively exploring expansion of the holding company for the benefit of our shareholders, and I believe these two opportunities are very attractive and…

Read More>>

NOTE TO INVESTORS: The latest news and updates relating to SPYR are available in the company’s newsroom at https://ibn.fm/SPYR

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@InvestorWire.com

InvestorWire is part of the InvestorBrandNetwork.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.