Listed company UTime plans to acquire the data platform Feixiaohao for up to $80 million.
BlockBeats news, on March 13, Nasdaq-listed company UTime (WTO) announced that it has signed a non-binding letter of intent to acquire 100% equity of the crypto data platform Feixiaohao for up to 80 millions USD. The transaction is proposed to consist of 64 millions USD in stock or convertible preferred shares and 16 millions USD in cash.
If the transaction is completed, UTime plans to leverage Feixiaohao's Web3 data platform, which covers millions of crypto users, to enter the blockchain data infrastructure sector and explore the integration of digital asset data services with its mobile phones and smart hardware products.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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