Shares of CYIOS Corporation (OTCPink: CYIO), a company focused on developing and marketing specialty branded products in the Health and Wellness markets, were up 35.00% at its last close, rising to $0.2480.
Over the last week, CYIOS stock lost -9.82% compared to a monthly loss of -17.33%. While CYIO stock was more upbeat without current news, recent developments might provide more insight into CYIO.
Did anything happen recently?
Helio Lending and Choice Wellness Inc. are subsidiaries of CYIOS Corp. Helio’s CeFi Aggregator platform serves as CYIO’s platform for cryptocurrency lending. Choice Wellness offers products under the “DR’s CHOICE” and “24” brand names, which are all geared towards the Health and Wellness market. In addition to developing, distributing, and licensing proprietary software, CYIO strives to evaluate potential acquisitions.
CYIOS has recently completed the acquisition of Helio Lending, Pty Ltd. (Helio), a privately jeld business.
- It was an all-share restricted stock transaction with 50% of the restricted common shares held in escrow and issuable upon performance milestones.
- Helio’s proprietary platform offers cryptocurrency holders interest on deposits and the ability to secure loans collateralized by certain cryptocurrencies.
- In addition, the company announced the appointment of Marko Radisic to its Director of Communications and Public Relations, who will be responsible for media relations, investor relations, and sponsorships.
How it will benefit CYIO?
Helio’s acquisition represents an important milestone for CYIOS Corp (CYIO) and will position the company to expand into an emerging market for cryptocurrency, which CYIO believes should continue to show significant market cap growth for the long haul. The new director has also been appointed in line with CYIO’s strategy to promote an advisory board composed of the best minds in crypto-assets and real estate financing.