Life Clips (LCLP) Rockets After Announcing Key Acquisition

People are now far more mindful about their mental health than at any point in history and hence, it was no surprise that the Life Clips Inc (OTC: LCLP) stock soared considerably on Wednesday.

The company announced yesterday that it signed a letter of intent by way of which it would acquire Cognitive Apps Software Solutions Inc. Cognitive Apps is a voice-based artificial intelligence technology company that is primarily involved in mental health solutions. The news proved to be a major boost for Life Clips and the stock rallied by as high as 65% yesterday.

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Cognitive Apps has managed to develop a mental health analytics platform, which is meant for businesses to better understand the mental health well-being of employees. It is a major development for Life Clips since the platform in question could have wide enterprise use. The gains made by the stock yesterday were not much of a surprise and it remains to be seen if it can add to its gains today.

Anthony Gonzales

Biotech, Tech, and Crypto reporter Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.