2 Sources
[1]
AI Unlimited Group jumps 11%, buys BeyondTrade Securities for $2.95 per share
AI Unlimited Group (OTCPK:AIUG) to acquire BeyondTrade Securities, a licensed broker-dealer, at $2.95 per share. This strategic acquisition strengthens AI Unlimited Group's Nest Egg platform, expanding its capabilities into regulated financial services, including direct brokerage, trade execution, and compliance-integrated solutions. "Integrating BeyondTrade's brokerage expertise perfectly aligns with our mission to provide investors with AI-powered tools that simplify and streamline the investment process, enabling smarter, faster, and compliant financial decisions." said, Trent McKendrick, CEO for AI Unlimited Group. The stock traded 12% higher on Wednesday. More on AI Unlimited Group, Inc. Financial information for AI Unlimited Group, Inc.
[2]
AI Unlimited Group Enters Binding Agreement to Acquire BeyondTrade Securities at $2.95, Enhancing Nest Egg's Regulated Financial Services Capabilities - AI Unlimited Gr (OTC:AIUG)
LOS ANGELES, Dec. 18, 2024 (GLOBE NEWSWIRE) -- AI Unlimited Group Inc. AIUG, a leader in AI-powered solutions across fintech, investment, and travel sectors, is pleased to announce a binding agreement to acquire BeyondTrade Securities, a licensed broker-dealer, at $2.95 per share. This strategic acquisition strengthens AI Unlimited Group's Nest Egg platform, expanding its capabilities into regulated financial services, including direct brokerage, trade execution, and compliance-integrated solutions. By integrating BeyondTrade Securities, Nest Egg will offer an end-to-end investment experience, enabling retail investors to seamlessly transition from AI-powered insights to actionable and secure trading. This acquisition marks a pivotal step in aligning AI-driven investment strategies with regulated execution tools that empower users to optimize their portfolios with greater transparency and confidence. "This acquisition is a significant milestone for AI Unlimited Group as we deepen Nest Egg's offerings in the regulated financial services sector," said, Trent McKendrick, CEO for AI Unlimited Group. "Integrating BeyondTrade's brokerage expertise perfectly aligns with our mission to provide investors with AI-powered tools that simplify and streamline the investment process, enabling smarter, faster, and compliant financial decisions." As part of the acquisition, BeyondTrade's founder, Bruce Ji, will join AI Unlimited Group as Senior Vice President of Nest Egg, remaining principle of BeyondTrade Securities. Bruce brings over two decades of experience in the financial services industry, rising through the ranks to become a recognized leader in global brokerage operations and risk management. Bruce began his career as an intern at Scottrade in 2004 and quickly distinguished himself through exceptional work ethic and strategic insight. By 2009, he was promoted to Asian Pacific (AP) Service Supervisor, where he led daily operations, evaluated team performance, and implemented training programs to elevate team capabilities. Under Bruce's leadership, Scottrade's AP division achieved notable operational growth and risk management excellence. Bruce was instrumental in building a new global accounts division, overseeing risk control for AP accounts, and approving new accounts with precision to ensure compliance. By the time he departed Scottrade in 2018, Bruce had built and managed a team of 35 high-performing stockbrokers, driving success through innovation, operational excellence, and client satisfaction. "I am excited to join AI Unlimited Group and be part of the vision and future of this innovative team," said Bruce Ji. "Together, we'll empower investors with AI-driven tools, seamless access to global financial markets, and secure, compliant investment solutions tailored to the evolving demands of modern investors." Management and existing principals of BeyondTrade Securities will be retained to oversee and manage the broker-dealer operations of the subsidiary, ensuring operational continuity, regulatory expertise, and seamless integration with AIUG's broader ecosystem. To align BeyondTrade Securities' leadership and team with AI Unlimited Group's growth trajectory, 700,000 shares of AIUG common stock were issued at $2.95 per share. This move ensures both organizations remain strategically aligned as Nest Egg builds on its AI-powered software capabilities to deliver best-in-class investment solutions. Expanding Nest Egg's Regulated Reach BeyondTrade Securities' integration into Nest Egg will introduce: AI-driven brokerage services enabling secure and compliant trade execution.Expanded advisory tools combining AI-powered insights with real-time investment execution.Compliance-backed account management tailored to meet regulatory standards for retail and institutional investors. With this acquisition, subject to FINRA approvals, AI Unlimited Group is building a robust foundation for Nest Egg to serve modern investors seeking smarter, AI-powered tools to navigate global investment markets, manage IRAs, and achieve long-term financial growth. About AI Unlimited Group Inc. AI Unlimited Group Inc. is an AI-driven technology incubator committed to transforming industries through advanced AI solutions. With a focus on fintech, investment, and travel, AI Unlimited Group delivers cutting-edge platforms that empower individuals and businesses with actionable insights and seamless solutions. For more information, visit www.aiug.ai. Dave Gentry, CEO RedChip Companies 1-800-REDCHIP (733-2447) 1-407-644-4256 [email protected] AIUGAI Unlimited Group Inc$3.11-%WatchlistOverviewMarket News and Data brought to you by Benzinga APIs
Share
Copy Link
AI Unlimited Group has entered a binding agreement to acquire BeyondTrade Securities, a licensed broker-dealer, for $2.95 per share. This strategic move aims to strengthen the company's Nest Egg platform by expanding into regulated financial services.
AI Unlimited Group Inc. (OTCPK:AIUG), a leader in AI-powered solutions across fintech, investment, and travel sectors, has announced a binding agreement to acquire BeyondTrade Securities, a licensed broker-dealer, for $2.95 per share 12. This strategic acquisition marks a significant milestone for AI Unlimited Group as it seeks to enhance its Nest Egg platform's capabilities in the regulated financial services sector.
The integration of BeyondTrade Securities into AI Unlimited Group's ecosystem is set to expand Nest Egg's offerings, providing users with a comprehensive suite of services including direct brokerage, trade execution, and compliance-integrated solutions 1. This move aligns with the company's mission to simplify and streamline the investment process through AI-powered tools, enabling investors to make smarter, faster, and compliant financial decisions 2.
With the acquisition of BeyondTrade Securities, Nest Egg is poised to offer:
As part of the acquisition, BeyondTrade's founder, Bruce Ji, will join AI Unlimited Group as Senior Vice President of Nest Egg, while remaining the principal of BeyondTrade Securities 2. Ji brings over two decades of experience in the financial services industry, including a notable career at Scottrade where he led global accounts and risk management operations 2.
To ensure strategic alignment, AI Unlimited Group has issued 700,000 shares of common stock at $2.95 per share to BeyondTrade Securities' leadership and team 2. This move aims to maintain operational continuity and regulatory expertise while facilitating seamless integration with AI Unlimited Group's broader ecosystem.
The announcement of the acquisition has been well-received by the market, with AI Unlimited Group's stock trading 12% higher following the news 1. This positive response reflects investor confidence in the company's strategic direction and the potential for growth in the AI-powered financial services sector.
As AI Unlimited Group awaits FINRA approvals for the acquisition, the company is positioning itself to serve modern investors seeking advanced, AI-powered tools for navigating global investment markets, managing IRAs, and achieving long-term financial growth 2. This move represents a significant step forward in the integration of AI technology with traditional financial services, potentially reshaping the landscape of retail and institutional investing.
Summarized by
Navi
The rise of AI-generated music is transforming the music industry, with AI creators like Oliver McCann signing record deals and sparking debates about creativity, copyright, and the future of music production.
6 Sources
Technology
17 hrs ago
6 Sources
Technology
17 hrs ago
Microsoft reveals its Azure Integrated HSM, a custom-built security chip deployed on all Azure servers, as part of a comprehensive strategy to counter the growing cybercrime pandemic estimated to cost $10.2 trillion annually by 2025.
2 Sources
Technology
1 hr ago
2 Sources
Technology
1 hr ago
Researchers discover that AI chatbots, including GPT-4o mini, can be manipulated using psychological persuasion techniques, potentially compromising their safety measures and ethical guidelines.
3 Sources
Technology
1 hr ago
3 Sources
Technology
1 hr ago
OpenAI is reportedly planning to build a large-scale data center in India with at least 1 gigawatt capacity, marking a significant expansion of its Stargate AI infrastructure initiative in Asia.
4 Sources
Technology
1 hr ago
4 Sources
Technology
1 hr ago
Samsung is reportedly planning to unveil three innovative devices - a tri-fold smartphone, XR headset, and AI smart glasses - at a special Unpacked event in South Korea on September 29, marking a significant push into next-generation consumer technology.
2 Sources
Technology
1 hr ago
2 Sources
Technology
1 hr ago