Securitize shares rallied 10% after the firm announced the acquisition of River One, a $50 million buyback program, and a 13% rise in quarterly revenue to $18.6 million.
Q3 revenue rose 13% to $18.6 million and the company announced a $50 million buyback through December 2027, alongside an acquisition of River One to enter a $6 trillion asset-backed finance market. Shares jumped about 10% after hours, showing the market welcomed the news. The $66.3 million net loss, roughly $60 million of it largely non-cash, and the stock still being down about 50% since late September temper the picture.
Maple Finance is named as one of the backers of River One, which Securitize is acquiring to enter the $6 trillion asset-backed finance market. The article discloses no financial terms and no direct benefit or payment to Maple, so any effect on the token is indirect at most.
Securitize (SECZ) shares rose 10% after-hours following the announcement of its acquisition of River One to enter the $6 trillion asset-backed finance market. The company also reported a 13% increase in third-quarter revenue to $18.6 million and launched a $50 million share buyback program running through December 2027.
Shares rose about 10% after the company announced the River One acquisition, a $50 million buyback program through December 2027, and quarterly revenue that grew 13% to $18.6 million.
No. Securitize reported a net loss of $66.3 million for the quarter, though about $60 million of that came from largely non-cash expenses and accounting charges tied mainly to its public listing and business combination.