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Why SilverSun Technologies Stock (SSNT) Is Up Over 100%

SilverSun Technologies Inc (NASDAQ: SSNT) shares are trading higher by 134.6% to $8.62 Monday morning after the company announced Jacobs Private Equity II will invest $1 billion ($900 million from JPE, $100 million from co-investors)
byHenry Khederian
December 4, 2023
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SilverSun Technologies Inc (NASDAQ:SSNT) shares are trading higher by 134.6% to $8.62 Monday morning after the company announced Jacobs Private Equity II will invest $1 billion ($900 million from JPE, $100 million from co-investors) in SilverSun.

Jacobs will become CEO and majority stockholder, planning to spin off the existing business and create a new platform for undisclosed industry acquisitions, alongside a rebranding effort.

SilverSun says Jacobs, known for building multibillion-dollar companies through M&A and technology, aims to replicate this success in this new venture.

See Also: Where Is S&P 500 Headed In 2024?

According to data from Benzinga Pro, SSNT has a 52-week high of $7.14 and a 52-week low of $2.67.

 
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