- The stock price of Insignia Systems, Inc. (NASDAQ: ISIG) increased by over 110% during intraday trading today. This is why it happened.
The stock price of Insignia Systems, Inc. (NASDAQ: ISIG) increased by over 110% during intraday trading today. This is a continuation of momentum as the stock price increased by over 330% this past week. Investors are responding positively to Insignia Systems announcing the commencement of a formal process to explore strategic options to maximize shareholder value.
The potential strategic alternatives that may be evaluated include (but are not limited to) an acquisition, merger, business combination, in-licensing, or other strategic transaction. And there can be no assurance that this process will result in any transaction.
Insignia has not set a timetable for the completion of this review process and does not intend to comment further unless or until the Board of Directors has approved a definitive course of action or it is determined that another disclosure is appropriate.
Chardan was engaged to act as Insignia Systems’ strategic financial advisor to assist the company in this review process.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.