Why the CV Check (ASX:CV1) share price is rocketing 20% to a record high

The CV Check Ltd (ASX: CV1) share price has returned from its trading halt and is rocketing higher today.

The leading online integrated screening and verification company’s shares jumped 20% to a record high of 21 cents.

This means the CV Check share price is now up 75% over the last 12 months.

Why is the CV Check share price zooming higher?

Investors have been buying CV Check shares on Wednesday following the announcement of an acquisition.

According to the release, the company has entered into a binding share purchase agreement with the shareholders of CI6 to acquire 100% of the entity that owns Bright People Technologies and associated group entities.

Bright People Technologies is a software-as-a-service (SaaS) cloud-based…