Kubient and Adomni to Merge

(24/7 MARKET NEWS) – Kubient, Inc. (NASDAQ: KBNT) and Adomni Inc. stated, after yesterday’s market close, that they entered into a definitive merger agreement, pursuant to which Adomni will merge with and into a wholly-owned subsidiary of Kubient, and the combined company will focus on growing and developing Adomni’s pre-existing programmatic advertising service. Following the merger closing, the combined company is expected to operate under the name “Adomni, Inc.”

Kubient is trading at $1.01, up $0.54 (+114.89%), on 3.14M premarket shares traded.

Its 52-week range is $0.3301 to $1.60. It’s trading at a key inflection point, so it could make a big move higher or lower.

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