The listed company UTime plans to acquire the Web3 data platform "Fei Xiao Hao" for 80 million USD

Nasdaq-listed company UTime Limited (stock code: 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 includes $64 million in stock consideration (common stock or convertible preferred stock) and $16 million in cash.

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