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GENEVA, IL—Timothy J. Miller, Vice President of Sales at Giftify, Inc. (NASDAQ:GIFT), recently executed a series of stock transactions, according to a recent SEC filing. The company, with a market capitalization of $49.6 million, has seen its stock decline nearly 59% over the past year according to InvestingPro data. Miller sold a total of 3,000 shares of Giftify common stock in three separate transactions. The sales, which took place from March to May 2025, fetched a total of $5,390. The prices per share ranged from $1.67 to $1.97.
These transactions were part of a pre-established 10b5-1 trading plan entered into with Merrill Lynch on February 6, 2025. Under this plan, Miller is scheduled to sell 1,000 shares on the first day of each month beginning March 2025.
In addition to the sales, Miller acquired shares in previous transactions from 2022 to 2024, totaling $155,393, with prices ranging from $0.80 to $4.00 per share. Following the recent sales, Miller holds 87,498 shares of Giftify common stock. According to InvestingPro analysis, the stock currently appears undervalued, with 6 additional key insights available to subscribers.
In other recent news, Giftify, Inc. has announced the acquisition of TakeOut7, a restaurant technology company, in an all-stock deal involving 350,000 shares of Giftify common stock. This acquisition is set to enhance Giftify’s digital commerce ecosystem by incorporating TakeOut7’s online ordering and AI-powered marketing solutions. The integration aims to expand Giftify’s reach to over 185,000 restaurants nationwide and is expected to positively impact Giftify’s financial performance immediately upon integration. Additionally, Giftify’s subsidiary, CardCash Exchange, Inc., has restructured its debt with Pathward, reducing the principal amount from $10 million to $7 million. The interest rate for the restructured debt is linked to the prime rate plus 3%, with a minimum effective rate of 6.50% per annum. This financial restructuring is part of Giftify’s strategy to optimize its financial structure and maintain operational flexibility. The debt is secured by CardCash’s assets, and the new agreement allows for a reduced cash collateral balance, increasing liquidity by $250,000. These recent developments highlight Giftify’s efforts in expanding its market presence and managing its financial obligations efficiently.
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