Transaction accelerates Silverback’s growth as the leading technology company monetizing “data as an asset.”
MIAMI, August 18, 2022 (Newswire.com)
Silverback United, Inc. (trading under ML Capital Group, Inc. [OTC:MLCG] pending FINRA approval of name and ticker symbol change) announced the acquisition of UK based Headstart AI, Inc. (headstart.io) in an all-stock transaction. The acquisition will be immediately accretive and will accelerate its strategy for the assetization of data on a global basis. Headstart.io will remain an independent wholly owned subsidiary of Silverback and will continue to be headquartered in London, UK. Spear Point Advisors, LLC (“Spear Point”) served as Silverback’s exclusive financial advisor for the transaction.
The acquisition is part of Silverback’s strategy to build highly valuable, vertically…