BlockBeats News, March 13th, NASDAQ-listed company UTime (WTO) announced that it has signed a non-binding letter of intent to acquire 100% equity of the cryptocurrency data platform Feixiaohao (Non Small). The acquisition is valued at up to $80 million, with the transaction consisting of $64 million in stock or convertible preferred stock and $16 million in cash.
If the transaction is completed, UTime plans to leverage Non Small’s Web3 data platform, which covers millions of cryptocurrency users, to enter the blockchain data infrastructure field. They will also explore integrating digital asset data services with their mobile and smart hardware products.
