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home / news releases / MDGS - Medigus to take controlling stake in Gix Interent

MDGS - Medigus to take controlling stake in Gix Interent

Medigus Ltd.
Medigus (MDGS) is up 3.8% in pre-market trading as announced increased stake in Gix Internet Ltd. a global leading company in MarTech solutions. Medigus now hold ~33% in Gix Internet and will become its largest shareholder.Gix Internet finished 2Q20 with ~$18.5M in revenues, and as of October 14, 2020, market cap was ~$10M.Pursuant to the Securities Purchase Agreement between Medigus Ltd., Gix Interent Ltd., f/k/a Algomizer Ltd., and Linkury Ltd., Medigus exercised its right to convert its Linkury Shares into ordinary shares of Gix Internet.

For further details see:

Medigus to take controlling stake in Gix Interent
Stock Information
Company Name: Medigus Ltd.
Stock Symbol: MDGS
Market: NASDAQ
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