POWERHANDZ Inc. Announces Cash Tender Offers and Capital Funding from Vanguard
FRISCO, TX, USA, July 28, 2022 /EINPresswire.com/ — PH Innovation Holdings, Inc, PHI a global sports and fitness product tech platform and operator of the POWERHANDZ Inc. brand and line of products and technology, today announced that it has received a multimillion-dollar capital injection from Vanguard Holdings Group, a global private trust in a broad spectrum of industries including sports and real estate. In addition to the capital injection, Vanguard is launching a private tender offer to purchase all of the issued and outstanding shares from the minority shareholders in PHI providing liquidity to the longstanding stockholders of POWERHANDZ and PHI. Financial details of the private tender offer were not disclosed.
With sales in over 87 countries, POWERHANDZ has consistently expanded its industry-leading training innovation across a myriad of professional and youth sports organizations, fitness disciplines and e-commerce giants like Amazon and new retail channels with Champs Sporting Goods; where General Partner, 2022 NBA All Star and Rookie of the Year, LaMelo Ball participated in its recent launch.