India, Feb. 18 -- Shares of PainReform Ltd. (PRFX) jumped over 45% on Tuesday morning after the clinical-stage specialty pharmaceutical company announced that it has executed a definitive agreement with BladeRanger Ltd., to acquire 100% of the business activity of DeepSolar, an AI-driven solar analytics platform owned by BladeRanger.
PRFX is currently trading at $4.0890, up $1.2690 or 45.0000%, on the Nasdaq. The stock opened its trading at $5.1200 after closing Friday at $2.8200. The stock has traded between $0.4320 and $16.6300 in the past 52-week period.
The acquisition is expected to close before the end of February 2025.
Under the terms of the agreement, PainReform will receive all rights, title and interest in certain the agreement...