By Stephen Nakrosis
Shares of ARB IOT Group were trading sharply higher on high volume in Monday's late-trading session, after the company said it was awarded a contract to supply data center server solutions to Whizzl Group.
The deal, valued at about $53 million, will see ARB IOT supply its ARB-222 AI servers, the company said.
After the bell, ARB IOT shares were trading 61% higher, at $1.05. Over 6 million shares had been traded after the bell Monday.
The stock, which opened at 56 cents on Monday, closed the regular session at 65 cents, gaining over 22%.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
April 14, 2025 17:55 ET (21:55 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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