India, June 10 -- Eva Live, Inc. (GOAI) shares fell 3.54 percent, losing $0.09 to $2.44 on Wednesday despite the company announcing that it had signed a Letter of Intent to acquire Psquared Inc., a profitable performance-marketing company that has generated more than $50 million in revenue over the past four years.
The stock is currently trading at $2.44, compared with its previous close of $2.53 on the Nasdaq. During the session, it opened at $2.66 and traded between $2.3752 and $3.3300. Trading volume reached 185,856 shares, compared with its average volume of 257,243 shares.
The proposed acquisition is intended to strengthen Eva Live's AI-driven advertising platform by adding established media-buying capabilities, multi-channel marketi...