One Horizon Group (OHGI) Stock: Gaining Big On Acquisition News

One Horizon Group Inc (NASDAQ: OHGI) is having an incredibly strong start to the trading session this morning, and for good reason. In a press release issued early this morning, the company announced acquisition news that’s leading to excitement among investors who are sending the stock toward the top. Today, we’ll talk about the acquisition, what we’re seeing from OHGI, and what we’ll be watching for ahead.

OHGI Gains On Acquisition News

As mentioned above, One Horizon Group is having an incredibly strong start to the trading session this morning after announcing acquisition news. In a press release issued early this morning, the company announced that it has entered into an Exchange Agreement to acquire a majority interest in ONCE IN A LIFETIME LLC. The company does business as 123Wish.




According to the announcement by OHGI, 123Wish is available in the Apple App Store, Google Play, and on www.123wish.com. The subscription-based service focuses on providing users with exclusive opportunities to experience personalized dream experiences. These experiences take place with world-renowned social media influencers, including Super Influencer Jake Paul and Team 10. The influencers also include celebrities, professional athletes, fashion designers, and artists. 123Wish also supports a wide range of charities.

OHGI said that 123Wish subscribers will soon all have a digital wallet. This is because they will be receiving four digital coins monthly as long as their subscriptions remain active. From there, the subscriber may contribute these coins to charity. In fact, the company is committed to making at least $1,000,000 in digital coin value available for charitable contribution. Importantly, the system runs on the blockchain and development of the coin technology is already underway. In a statement, Mark White, Founder, President, and CEO at OHGI, had the following to offer:

We executed the Exchange Agreement ahead of schedule based on the commitment of everyone involved and we are grateful to have the opportunity to welcome 123Wish founders Natalia Diaz, Andrew Resnick and TGZ Capital as OHGI stakeholders… Subscribers, fans and likes have become a new form of currency and advertising spend is usually driven by perceived reach rather than fixted-costs. Thus, in addition to the importance of verifiable charitable giving, we see future opportunities in the use of digital coins for media buying.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

What We’re Seeing From The Stock 

As investors, one of the first things that we learn is that the news moves the market. In this case, the news proved to be overwhelmingly positive. Through the acquisition of 123Wish, One Horizon Group not only has a new service and stream of revenue, but the acquisition and goals with regard to coin development enter the company into the overwhelmingly popular blockchain sector. As a result, it’s no surprise that we’re seeing strong gains in the value of the stock. Of course, our partners at Trade Ideas were the first to alert us to the gains. Currently (9:51), OHGI is trading at $2.45 per share after a gain of $0.75 per share (44.32%) thus far today.

Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will continue to keep a close eye on OHGI. In particular, we’re interested in following the acquisition story closely, as we’re excited to see what the company does with 123Wish through the incorporation of blockchain and coin technology. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

Never Miss The News Again

Do you want real-time, actionable news delivered to your inbox? Join the CNA Finance mailing list below!

Subscribe Today!
* indicates required


Add Comment