RTTNews | Apr 1, 2021 10:40AM EDT

10:39 Thursday, April 1, 2021 (RTTNews.com) - Funko, Inc. (FNKO) shares are rising more than 24 percent on Thursday morning trade as the company announced the acquisition of majority stake in TokenWave, LLC, the developer of TokenHead, a mobile app and website for tracking NFT holdings.

Funko has not revealed the financials details of the deal and expects to launch its initial NFT offerings in June.

Currently, FNKO is at $24.54, up 24.69 percent from the previous close of $19.68 on a volume of 7,156,882. For the 52-week period, the shares have traded in a range of $3.12-$24.88 on average volume of 1,957,075.

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