Heritage Global shares surge 31.99% after-hours after subsidiary acquires DebtX assets.

Heritage Global Inc. (NASDAQ:HGBL) surged 31.99% in after-hours trading following the announcement that its subsidiary, Heritage DebtX, acquired substantially all assets of The Debt Exchange. The $8.5 million all-cash acquisition, disclosed in pre-market sessions, drove initial gains of 19.1% before the stock extended its rally in after-hours, reflecting investor optimism over expanded debt resolution capabilities. The move strengthens Heritage DebtX’s position in the debt negotiation market, aligning with the company’s strategy to consolidate market share in financial services.