Net Savings Link Inc. (OTC:NSAV) Stock In Focus After Acquisition News
The blockchain and cryptocurrency space continues to be of interest to investors of most hues, and many are nowadays looking for listed companies that they could track. A company that could well be worth looking into in the industry is Net Savings Link Inc. (OTC:NSAV). It is a cryptocurrency, digital asset, and blockchain technology firm.
On December 1, Net Savings announced that it had completed the acquisition of AWCx Centralized Cryptocurrency Exchange (AWCx). It was also revealed in the news release that the CEX (Centralized Cryptocurrency Exchange) would also get rebranded and eventually operate under the NSAVx brand.
Net Savings Link would turn the platform into its flagship blockchain business unit. It would be specifically involved in the fast-growing secure digital wallets, rewards, and Web3 asset spaces. It was further noted that the NSAVx platform would continue to be known for providing the best and latest security features, in addition to upgraded security systems for secure storage. The company also revealed that NSAVx would enable it to possibly monetize its minority holdings in the industry. The transaction also marked a major shift for the Net Savings Link as it moved to focus on fully owned digital properties.
On November 10, the company announced that it had approved plans pertaining to an IPO (initial public offering) for its TruSAF business division. As per the IPO plans, 20% of the shares in the business unit would first be shared with Net Savings Link shareholders. Following that, 20% more of the shares would be offered to the public so as to raise funds to develop and grow the product offered by TruSAF.
The company also noted that it believed that by holding on to 60% of the shares in TruSAF, Net Savings Link would potentially enhance its value considerably since it would be publicly traded.
