Star Alliance International Corp (OTCMKTS:STAL) was up 10% after signing an engagement deal with investment bank Weild& Co. The engagement agreement spells terms and conditions for the investment bank to help STAR in raising funds for growth and acquisitions.
Trading Data
On Wednesday, STAL stock soared 10% to $0.55 with 3.2k shares, compared to its average Wednesday of 19.66K shares. The stock moved within a range of $0.4500 – 0.5500 after opening trade at $0.45.
Star Alliance International Corp. Signs Engagement Agreement with Investment Bank, Weild & Co.
Chairman of STAR Richards Carey said that they are pleased to announce that they have engaged Weild& Co to be their investment bank. He said that he was delighted that Weild& Co has agreed to work with STAR, and they will bring the contacts and expertise needed to support expansion and acquisition plans.
Carey gave assurance that as the chairman of the company, he intends to continue building the team necessary for the company to maintain its momentum, and this was a massive step forward for STAR. Weild& Co helps independent professionals to partner and offers a wide spectrum of capital raising and corporate finance services. Therefore in the coming weeks, investors should keep an eye on STAL.
Key Quote
Richard Carey, Chairman of STAR, commented, “I am pleased to confirm that the Company has engaged with Weild & Co. to act as the Company’s investment bank. I am personally very pleased that Weild & Co. and their team have agreed to work with our Company. We feel they bring the expertise and contacts that we need to support our acquisition and growth plans.
Technical Data
STAL stock is below the 20-Day and 50-Day Moving averages of $0.64 and $0.79 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.1.65.
