10:30 AM EDT, 09/12/2024 (MT Newswires) -- Visionary Holdings ( GV ) shares jumped more than 138% in recent Thursday trading after the company said it signed a memorandum of understanding with Saudi Arabia's Public Investment Fund, securing a $120 million investment to support its industrial projects.

PIF's investment will cover debt replacement for Visionary's four commercial buildings and fund real estate redevelopment, Visionary Holdings ( GV ) said.

The parties also agreed to collaborate in high-tech, life sciences, and artificial intelligence education.

Price: 5.49, Change: +3.46, Percent Change: +170.44