Inno Holdings Soars 690% After $3M AI-Powered Sales Platform Deal
INHD•Inno Holdings shares jumped 690% Monday after the company inked a $3 million deal with a Hong Kong AI services provider to build an automated sales platform. The stock has executed two reverse splits, 1-for-24 in December and 1-for-20 in May, to comply with Nasdaq’s $1 minimum.
1. $3M Partnership with HK AI Provider
Inno Holdings signed a $3 million agreement with a Hong Kong–based AI services provider to develop an AI-powered sales platform for its used mobile phone business. The system will automate customer acquisition, product recommendations, sales conversions and data analytics to drive lead generation and boost conversion rates.
2. 690% Stock Surge and Volume Spike
Shares of Inno Holdings surged 690%—their largest single-day gain—on Monday as retail trading volumes exploded to 190 million shares versus a 0.7 million daily average. The sharp spike reflects heightened investor interest in the company’s AI initiative.
3. Two Reverse Splits for Nasdaq Compliance
To maintain its Nasdaq listing above the $1 threshold, Inno Holdings implemented a 1-for-24 reverse split in December and followed with a 1-for-20 split in May. Despite these actions, shares fell 31% between the latest split and last Friday’s close.
4. AI Strategy for Electronics Trading
Earlier this year, the company unveiled an AI-driven strategy across its electronics trading operations, including AI-based quality inspection, product rating and dynamic pricing tools. Management aims to streamline decision-making and enhance operational efficiency in mobile device sales.
