SUNRISE, FL, July 27, 2021 (GLOBE NEWSWIRE) — via NewMediaWire — NextPlay Technologies, Inc. (NASDAQ: NXTP), a technology solutions company building a digital business ecosystem for digital advertisers, consumers, video gamers and travelers, reported today that it has closed its previously announced acquisition of International Financial Enterprise Bank (IFEB), a global financial institution headquartered in San Juan, Puerto Rico.
The Company is pleased to announce that it has increased its previously disclosed intended stake in IFEB, and formally closed the acquisition of 100% of the Bank as of July 21st after receiving previously reported formal regulatory approval from the Office of the Commissioner of Financial Institutions of Puerto Rico (OCIF) for up to 100% ownership. Additionally, OCIF has granted NextPlay approval to change the bank’s name to NextBank…
