Wire
RedCloud Signs Up to $30 Million Saudi Arabia Licensing Deal
RedCloud (RCT) said Monday it has signed a five-year licensing agreement worth up to $30 million to deploy its real-time artificial intelligence for distribution engine in Saudi Arabia.The contract is structured at $6 million annually based on platform revenue within the country, the company said.Shares were up roughly 75% in afternoon trading.Price: $1.00, Change: $+0.43, Percent Change: +74.91%
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