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METRO ONE TELECOMMUNS INC - $WOWI STOCK NEWS

Welcome to our dedicated page for METRO ONE TELECOMMUNS news (Ticker: $WOWI), a resource for investors and traders seeking the latest updates and insights on METRO ONE TELECOMMUNS stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect METRO ONE TELECOMMUNS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of METRO ONE TELECOMMUNS's position in the market.

Rhea-AI Summary
Metro One Telecommunications, Inc. (WOWI) appoints Brian Sagi to the Board of Directors and James A. Brodie as Secretary. Sagi brings 20 years of experience as a board leader, entrepreneur, and dealmaker. He will play a crucial role in the company's new field of operations and acquisition of Inception XR.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
19.64%
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management
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Rhea-AI Summary
Metro One Telecommunications, Inc. (OTC PINK: WOWI) announced a Non-Binding Term Sheet for a reverse merger with Inception XR Inc., a leading virtual reality tech company. Inception XR, founded in 2016, specializes in immersive educational content for K-6, healthcare, and corporate training. The merger is expected to close by the end of Q1 2024, with Inception XR's revenue projected at $4.8 million in 2023 and positive EBITDA. The combined valuation of Metro One after the reorganization and new capital raises will be approximately $65 million, with post-merger ownership split 25% to current Metro One stockholders and debtholders, and 75% to current and new Inception XR stockholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
617.13%
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Rhea-AI Summary
Metro One Telecommunications, Inc. announces a reverse stock split at a ratio of 1-for-75 and a share reduction from 600 million to 35 million authorized shares. The number of issued and outstanding common stock shares will be reduced from 273.7 million to 3.6 million. No fractional shares will be issued. Stockholders who would own less than 100 shares will have their ownership rounded up to exactly 100 shares.
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Rhea-AI Sentiment
End-of-Day
6864.29%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
103.25%
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Rhea-AI Summary
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Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.9%
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Rhea-AI Sentiment
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Rhea-AI Sentiment
End-of-Day
-50.44%
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METRO ONE TELECOMMUNS INC

OTC:WOWI

WOWI Rankings

WOWI Stock Data

476.18k
3.70M
22.11%
19.87%
0.73%
Commercial Photography
Professional, Scientific, and Technical Services
Link
United States of America
Sheridan

About WOWI

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