Ecoark Holdings Inc

NASDAQ:ZEST   3:59:54 PM EDT
5.14
-0.11 (-2.10%)
Products, Officer Changes, Divestitures / Spin-offs

Ecoark Announces Plan For A Spin-Off Of Trend Discovery Subsidiary Into Publicly Traded Company

Published: 08/26/2021 11:50 GMT
Ecoark Holdings Inc (ZEST) - Ecoark Announces Plan for a Spin-off of Its Trend Discovery Subsidiary Into a New Independent, Publicly Traded Company.
Ecoark Holdings Inc - Trend Discovery to Rebrand Into Pure-play Fintech Company.
Ecoark Holdings Inc - Plans to Distribute Approximately 80% of Common Stock of Trend to Its Shareholders As of a Future Record Date.
Ecoark Holdings Inc - Via Its Holding Company Model, Plans to Retain Remaining 20% Ownership in Trend.
Ecoark Holdings Inc - CFO Brad Hoagland, Expected to Assume Role of Chief Investment Officer of Trend.
Ecoark Holdings Inc - Trend is Exploring Opportunities to Acquire Or Merge With Potential Synergistic Private And/or Public Fintech Businesses.
Ecoark - Trend is Disclosing It is in Discussions to Buy an Already Producing Broker-dealer Business and a Business Holding Money Transmitter Licenses.