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NXTD Update Note APRIL 2017

Despite a positive update, a strategic merger agreement and major sequential quarterly growth shares of Nxt-ID have declined 25% over the past week. After years of being in the development stage the company is reporting very large YoY and sequential increases in revenue. The consensus view is that investors fear additional shares coming to market […]

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NXT-ID, Fit Pay, Inc. enter letter of intent to combine businesses

March 27, 2017 – NXT-ID, Inc. and Fit Pay, Inc. have entered into letter of intent to combine their businesses in a deal that includes stock and cash consideration. The press release specifies that NXT-ID will not be raising additional capital to complete this transaction. “This potential transaction with Fit Pay would not only add a […]

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​Nxt-ID to Expand Digital Payment Portfolio with Fit Pay Merger

Next-generation technology provider NXT-ID, Inc. announced this week that it entered into a Letter of Intent with Fit Pay, Inc. to combine their businesses. The transaction would enhance NXT-ID’s existing product portfolio with Fit Pay’s “comprehensive payment and authentication platform”, which is aligns well considering NXT-ID’s core technology and focus. NXT-ID (NXTD) already specializes in […]

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NXT-ID and Fit Pay announce Letter of Intent to combine their businesses

NXT-ID (NXTD +12.8%) and Fit Pay announced that the companies have entered into Letter of Intent to combine their businesses in a deal that includes stock and cash consideration. NXT-ID will not be raising additional capital to complete this transaction. “This potential transaction with Fit Pay would not only add a critical component to our payment […]

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Nordic Semiconductor wins NXT-ID order for system on chip

Norwegian company Nordic Semiconductor said that NXT-ID of Melbourne in Florida has selected its nRF52832 Bluetooth low energy System-on-Chip (SoC) for connectivity for NXT-ID’s IoT Stamp module. The module is designed for integration into wearables, portable devices, and Internet of Things (IoT) applications. The module is designed as a drop-in product to help manufacturers with […]

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