Nasdaq-listed Company UTime to Acquire Web3 Data Platform "Feixiaohao" for $80 Million



Nasdaq-listed company UTime Limited (ticker: WTO) announced the signing of a non-binding letter of intent to acquire 100% equity of Feixiaohao Technology Inc., the operator of "Feixiaohao," for up to $80 million. The transaction structure consists of $64 million in share consideration (common stock or convertible preferred stock) and $16 million in cash.
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