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Listed company UTime plans to acquire the data platform "Feixiaohao" with a maximum investment of $80 million.

Listed company UTime plans to acquire the data platform "Feixiaohao" with a maximum investment of $80 million.

2026-03-13 20:53

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ChainThink News: On March 13, Nasdaq-listed UTime (WTO) announced it has signed a non-binding term sheet to acquire 100% equity of the crypto data platform Feixiaohao, with a maximum transaction value of up to $80 million. The deal is structured as $64 million in stock or convertible preferred shares and $16 million in cash.


If completed, UTime plans to leverage Feixiaohao’s Web3 data platform, which serves millions of cryptocurrency users, to enter the blockchain data infrastructure sector and explore integration of digital asset data services with its mobile and smart hardware products.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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