Why MER Telemanagement Solutions Ltd. (NASDAQ: MTSL) soared high on Friday?

July 12, 2021

The telecommunications expense management service provider had earlier signed a definitive agreement with SharpLink, Inc., the sports betting technology company. After the merger, MER will start pursuing SharpLink’s business under the latter’s name. On Friday, the stock surged 26.40%, with a hike of 99 cents to close at $4.74 at the ring of the bells. At the end of the sessions, 195K shares were trading in the market compared with…