Lever Global Grows with AI-Based Acquisitions Author: Investing.com

Lever Global Corp (OTC Markets:LVER), a turnkey software services company, announced Monday that it has acquired three technology companies specializing in artificial intelligence (AI) applications, significantly expanding its product portfolio. The transactions, which closed on July 10, 2024, include a total issuance of 220 million common shares.

The first deal led to the acquisition of Nest Egg Investments LLC, an AI-powered investment platform that simplifies stock market investing for users. Lever Global exchanged 110 million shares for 100% of Nest Egg.

The second transaction involved Resolve Debt, LLC, a provider of AI-powered debt collection technology and accounts receivable automation solutions. Lever Global acquired Resolve Debt by exchanging 65 million shares of common stock for full ownership.

The third deal involved Travl LLC, creators of the AI-powered travel planning app Travl.App that helps users plan, book, and save for travel. Lever Global secured 100% of Travl for 45 million shares.

These acquisitions are part of Lever Global’s strategy to integrate AI across sectors to improve user experience and increase operational efficiency.

Financial terms of the acquisitions were not disclosed in the press release. However, Lever Global is expected to file required historical and pro forma financial statements within 75 days of the closing of the transaction, in accordance with regulatory requirements.

This information is based on a press release.

InvestingPro Insights

In light of Lever Global Corp.’s recent strategic acquisitions, it’s worth paying attention to the financial health and market positioning of companies in the technology and AI sectors. For example, a closer look at a company like LLESY (OTC:) , which operates in the real estate management and development industry, can provide valuable context. LLESY is considered a prominent player in its industry, according to InvestingPro TipsDespite challenges to gross profit margins, the company has demonstrated resilience by maintaining dividend payments for 33 consecutive years, a potential sign of stability and commitment to shareholder value.

From a valuation perspective, LLESY is trading at a low multiple of EBIT and EBITDA, suggesting that the market may not fully recognize the company’s earnings potential. Additionally, analysts are predicting that LLESY will return to profitability this year, which could indicate an upcoming positive change in its financial trajectory. These observations are especially relevant for investors considering broader market dynamics as Lever Global Corp expands its AI capabilities across sectors.

Look at InvestingPro DataLLESA’s market capitalization is $2,800 million and its price-to-book ratio is 0.65 in the last twelve months to Q2 2024. This could suggest that the company’s assets are potentially undervalued, offering an attractive entry point for investors. Furthermore, the company’s dividend yield is 1.93%, which could be attractive to income-oriented investors, especially in a sector that is rapidly evolving with technological advancements.

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