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Resonate Blends up 12% on Pegasus Specialty Vehicles acquisition

Jun. 21, 2023 9:37 AM ETResonate Blends, Inc. (KOAN) StockBy: Manshi Mamtora, CFA
 

Resonate Blends (OTCQB:KOAN) will complete an acquisition of Pegasus Specialty Vehicles.

The Ohio-based company is an innovative leader in the low-emission and zero-emission EVs and emerging hydrogen fuel cell technology for school buses and specialty vehicles.

Resonate Blends and Pegasus signed the binding agreement on June 20, 2023 and will now work towards the closing conditions outlined in this transaction.

The stock price has climbed about 12%.

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