UTime to Acquire Feixiaohao Web3 Data Platform for USD 80 Million

Nasdaq-listed UTime signs a non-binding LOI to acquire Feixiaohao Technology Inc., operator of Feixiaohao, for up to $80 million (USD 64M in stock, $16M cash).

Rich by Coin

2026-03-13

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.

The LOI indicates that the agreement is non-binding at this stage, and completion remains subject to due diligence and the negotiation of definitive documents. The proposed consideration includes a mix of stock and cash as described. The deal remains subject to due diligence and the negotiation of definitive agreements. If completed, it would expand UTime’s presence in the Web3 data space.