Nxt-ID Inc: Soars after co decides to spin-off payments division

LogicMark

21/09/2018 13:50

** Mobile security software maker's shares  NXTD.O  up 6.5
pct at $1.47 premarket after co says it intents to spin-off
payments division 
    ** NXTD to separate its payments, authentication and
credential management business into an independent co
 urn:newsml:reuters.com:*:nPn25wGXMa
    ** Says new co will include the payment, authentication and
credential management assets of NXTD and Fit Pay Inc
    ** New co to apply for listing on the Nasdaq
    ** Up to Thursday's close, stock had fallen ~61 pct YTD

 (Reporting by Akanksha Rana in Bengaluru)
 ((Reuters Messaging:
akanksha.rana.thomsonreuters.com@reuters.net))