(I love that he loves that these make his "dumb" shades "smart")
Industry News
In large "macro" news for the wider Smart Home Sector, this continues to be a ripe field for acquisitions as Vivint Smart-Home was recently acquired by NRG Energy Inc. for a massive $2.8 billion.
Vivint Smart-Home is a smart home company with a portfolio of products including smart cameras, doorbells and locks. NRG Energy is an energy conglomerate and it acquired Vivint at a price of $12/share, reflecting about a 33% premium to the closing share price the day before!
As this shows, this industry appears to be consolidating – which makes RYSE a smart candidate for addition to any portfolio of smart-home company acquirers.
This has been something CEO Trung Pham has been steadily pointing to in his interviews with us (found on BoardroomInvesting.com) as well as in his communications to investors.
Interested in investing in RYSE?
The company is continuing to raise money in its current Series A Round, with over $2 million so far in private investment at this point. So if you'd like to learn more about how to be part of this company's story, click on the link below!
As always, please see disclosures below.
Happy investing and best wishes Christmas shopping!
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