Shift Technologies, Inc. (SFT)
Predictiv AI Announces Financing Terms For The Shift Technologies And HouseStack Holdings Transaction
TORONTO, ON / ACCESSWIRE / October 2, 2024 / Predictiv AI Inc. (TSXV:PAI.H)(OTC:INOTF)(FSE:71TA) ("Predictiv AI", "PAI" or the "Company"), www.predictiv.ai, announces additional details of its proposed financing of up to $1,500,000 pursuant to the previously announced reverse takeover transaction (the "RTO") with Shift Technologies Canada Inc. ("Shift") and HouseStack Holdings Inc. ("HouseStack"). Immediately prior to the closing of the RTO, and subject to Predictiv AI shareholder and TSX Venture Exchange ("TSXV") approval, it is anticipated that the Company will undertake a share consolidation on the basis of one (1) post-consolidation common share for five and half (5.5) pre-consolidation common shares (the "Consolidation").
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Shift4 Payments: Strong Quarter Has My Interest
Shift4 Payments is a payment processing company with revenue from processing fees and subscription revenue, which is growing faster than payments revenue. The company has diversified its client base beyond restaurants to include retail, hotels, sports stadiums, and resorts. Shift4 Payments is showing promise in the restaurant vertical and has potential for expansion into other industries domestically and internationally.
Shift4 Payments: Should Continue Delivering On Acquisitions-Driven Growth
Shift4 Payments offers significant investment potential due to its acquisitions-driven growth strategy, with recent acquisitions expected to boost FY-24 revenue by around 22% YoY. Despite high competition and debt levels, Shift4's diversified business mix and careful debt management enhance its financial health and growth prospects. The company's integrated solutions and cross-selling opportunities, like SkyTab mobile, improve competitiveness and help to drive higher cash flow generation and EBITDA.
Shift4 Payments: International Expansion Continues And The Stock Is Cheap
During Q1 2024 the CEO of FOUR was buying shares aggressively and the Q2 results finally came out to find out the reason for his excitement. The company continues to maintain organic growth of 25% + acquisitions. It also expects to expand aggressively into Africa and Asia soon. Despite this news and having raised the guidance, the stock is trading at 17 times EV/EBITDA and 13 times FCF. Something cheap in my opinion.
