HRT Financial LP, a significant stakeholder in XChange TEC Inc. (NASDAQ:XHG), reported acquiring additional shares of the company. The transactions, documented in a recent SEC filing, reveal two purchases of Class A shares. The micro-cap company, currently valued at $6.76 million, has shown significant price momentum with an 11.76% gain over the past week and a 32.25% return year-to-date, according to InvestingPro data.
On January 16, HRT Financial LP acquired 10,654 shares at a price of $0.92 per share. The following day, January 17, the firm purchased an additional 78,275 shares at $1.20 per share. These transactions resulted in a total expenditure of $103,731, with the price per share ranging from $0.92 to $1.20.
After these transactions, HRT Financial LP no longer holds any Class A shares, as indicated in the filing. The purchases reflect the firm’s ongoing investment activities in XChange TEC.
In other recent news, XChange TEC.INC, a micro-cap insurance technology company, has regained compliance with Nasdaq’s minimum bid price requirement, maintaining its listing on the Nasdaq Capital Market. This development follows a previous notice from Nasdaq indicating non-compliance. In another significant development, XChange TEC.INC has announced a corporate restructuring. Although the specifics of the restructuring were not detailed, such changes often entail organizational adjustments that could impact the company’s management, operations, or financial strategies. These may include mergers and acquisitions, divestitures, or alterations in corporate governance. As per standard practice, investors and stakeholders are likely to closely monitor these developments to gauge the strategic direction and financial health of XChange TEC.INC. These are recent developments that have been disclosed in the company’s filings with the U.S. Securities and Exchange Commission.
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