PANews reported on March 13 that, according to GlobeNewswire, Nasdaq-listed UTime announced it has signed a non-binding letter of intent to acquire 100% of the PANews reported on March 13 that, according to GlobeNewswire, Nasdaq-listed UTime announced it has signed a non-binding letter of intent to acquire 100% of the
UTime is reportedly planning to acquire Web3 data platform Feixiaohao for $80 million, and a letter of intent has been signed.
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PANews reported on March 13 that, according to GlobeNewswire, Nasdaq-listed UTime announced it has signed a non-binding letter of intent to acquire 100% of the Web3 data platform Feixiaohao for up to $80 million. The consideration includes $64 million in stock or convertible preferred stock and $16 million in cash. The transaction is subject to further formal agreements and closing conditions.
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