The signing of a new sales agreement is almost always an important event for any company, and as a consequence, it would not be a surprise if the Scepter Holdings Inc. (OTC PINK:BRZL) stock comes into play today. In light of the announcement from the company on Wednesday, it may be a good idea for investors to take a closer look at the announcement today.
New Sales Agreement
The company announced that it had inked a key sales agreement pertaining to the acquisition of Matchpoint Connection LLC. In the news release, Scepter Holdings announced that Matchpoint was an innovative company that pioneered the platform that provided full-service NIL (Name, Image, and Likeness) solutions for universities, brands, and athletes. However, it was also announced that the transaction would be conditioned on a 1-for-B reverse split and a bump in the number of authorized shares.
Further Information
The company announced that once those conditions are met, the transaction would go through. The company went on to add that the acquisition would further strengthen Scepter Holdings’ presence in the fast-growing and lucrative NIL and athlete endorsement market. Investors could do well to keep an eye on the stock this morning.
