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TechFlow News, March 13: According to GlobeNewswire, UTime Limited (Nasdaq: WTO), a Nasdaq-listed company, announced that it has signed a non-binding letter of intent to acquire 100% of the equity of Feixiaohao Technology Inc., the operator of “Feixiaohao” (a cryptocurrency data platform), for up to $80 million. The transaction structure comprises $64 million in share consideration (common stock or convertible preferred stock) and $16 million in cash.
According to GlobeNewswire, Nasdaq-listed UTime Limited (ticker: WTO) announced that it has signed a non-binding letter of intent to acquire 100% of the equity interest in Feixiaohao Technology Inc., the operator of “Feixiaohao,” for up to USD 80 million. The transaction structure comprises USD 64 million in share consideration (common stock or convertible preferred stock) and USD 16 million in cash.
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