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Abacus Life, Inc., an investment advice company, has officially changed its corporate name to Abacus Global Management, Inc. The transition was formalized with a Certificate of Amendment to the Second Amended and Restated Certificate of Incorporation filed with the Delaware Secretary of State on February 27, 2025. The company, currently valued at approximately $724 million, has shown strong revenue growth of 78% over the last twelve months, according to InvestingPro data.
The name change, which did not require a shareholder vote under Delaware law, does not alter the rights of the company’s shareholders. Abacus Global Management, Inc. continues to operate under the same management and business structure, with no impact on its stock or warrants trading under the ticker symbols ABL, ABLLW, and ABLLL on The NASDAQ Capital Market LLC. The stock currently trades at $7.67, with analysts setting price targets between $13 and $15, suggesting potential upside. Get detailed insights with InvestingPro’s comprehensive research report, available for 1,400+ US stocks.
This rebranding comes after the company’s previous name changes from East Resources Acquisition Co to Abacus Life, Inc. on July 5, 2023, and then to its current identity. While the company is currently not profitable, analysts expect positive earnings this year, with a forecasted EPS of $0.47. The company’s principal executive offices remain at 2101 Park Center Drive, Suite 200, Orlando, Florida, with the business phone number (800) 561-4148.
The Certificate of Amendment detailing the name change is included as an exhibit in the company’s latest 8-K filing with the United States Securities and Exchange Commission. This SEC filing serves as the source for the information provided in this article.
In other recent news, Abacus Life Inc reported strong financial results for the fourth quarter of 2024, with revenues reaching $86 million, largely driven by strategic acquisitions. The company also announced an increase in its dividend, rising from 0.4 to 0.45 per share, indicating confidence in its financial stability. Notably, Abacus Life is expanding its focus into the renewable energy sector, particularly in onshore wind and solar, as part of its diversification strategy. The company acquired Ross Offshore, contributing significantly to its revenue growth, and announced further acquisitions, including Hydromod and Techconsult, to be integrated in 2025. Despite challenges in the offshore wind market, Abacus Life maintains a robust presence in oil and gas, especially in regions like Australia and Brazil. Analysts have noted the company’s strategic acquisitions as a mechanism for long-term growth. However, the company faces risks such as volatility in the oil and gas market and the integration of new acquisitions. Looking ahead, Abacus Life anticipates a recovery in the offshore wind market in the latter half of 2025, with revenue projections reaching $178.55 million by the end of that year.
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