WEXFORD, Pa. - Coeptis Therapeutics Holdings, Inc. (NASDAQ: COEP), a biopharmaceutical company currently valued at $7.4 million market cap, has announced the creation of Coeptis Technologies, a new division focused on the data security sector. According to InvestingPro analysis, the stock appears undervalued at its current price of $0.18, though investors should note the company's weak financial health score of 1.72. This move comes as the company signed a binding Letter of Intent to acquire technology assets from a Risk Mitigation Software (ETR:SOWGn) Company with a customer base spanning over 100 countries.
The acquisition, set to be completed in early 2025, will see Coeptis Technologies absorb the Data Placement Manager and Sensitive Content Manager solutions, marking a significant expansion into the rapidly growing data security market. The CEO of the Risk Mitigation Software Company is slated to join the Coeptis management team, bringing expertise to the newly formed division. This strategic move comes as the company faces challenging market conditions, with InvestingPro data showing a 76% decline in stock value year-to-date and current liquidity concerns.
Dave Mehalick, President and CEO of Coeptis Therapeutics, emphasized the milestone as part of the company's strategic growth, noting the move will introduce established, revenue-generating assets to Coeptis' portfolio. Mehalick also highlighted the upcoming integration of NexGenAI Affiliates Network, which will bring AI and robotic process automation tools to the technology division, aiming to enhance operations across the company's sectors.
The strategic expansion into technology by Coeptis Therapeutics is indicative of the broader growth trend within the tech industry. The company is positioning itself to leverage opportunities in both biopharmaceuticals and technology, aiming to create long-term value for shareholders.
This news is based on a press release statement from Coeptis Therapeutics Holdings, Inc. InvestingPro subscribers have access to additional insights, including 7 more ProTips and detailed financial metrics that could help evaluate the potential impact of this strategic expansion on the company's future performance.
In other recent news, Coeptis Therapeutics has announced a series of significant developments. The company plans to acquire NexGenAI Affiliates Network, aiming to enhance its operational efficiency and expand its technological offerings. The integration of NexGenAI's AI and RPA-powered tools is expected to revolutionize marketing strategies and operational efficiencies.
Coeptis has also expanded its license agreement with Deverra Therapeutics to include the use of unmodified natural killer (NK) cells for pandemic preparedness and emergency use. This expansion broadens the applicability of NK cells and enhances the company's readiness for future health crises.
In terms of financial updates, Coeptis has retracted its financial statements for several periods in 2023 and 2024 due to accounting errors. The company has appointed Astra Audit & Advisory, LLC as its new independent registered public accounting firm for the fiscal year ending December 31, 2024.
On the regulatory front, Coeptis has secured an extension to remain listed on the Nasdaq until January 15, 2025, provided it demonstrates compliance with the minimum bid price requirement. These are the recent developments at Coeptis Therapeutics.
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