First News In 4 Years Sends Micro Cap Flying

By: Tomas Ronolski - AllPennyStocks.com News

Wednesday, May 11, 2022

For the first time since 2018, a small company based out of Florida had something come across the wire, and traders seem to have noticed! The company announced that it had entered into an agreement and plan of merger to acquire Mi Pulpe LLC, which is an US Distributor of food and beverage products catering to the Latin American segment and is expanding rapidly to other crossover market segments with new and exciting products, according to the release. This announcement sent shares of INFRAX Systems, Inc. (OTCPK:IFXY) flying on Wednesday.

INFRAX Systems, Inc. is a brand incubator and accelerator. The company plans to build a portfolio of revenue-generating product microbrands and polish the logos, messaging, and marketing strategies of each brand to develop new sales channels and increase brand awareness and revenues.

As previously mentioned, traders can’t seem to get enough of this micro cap as shares quickly climbed up to $0.0038/share (+26.67%) at the early session high.

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