MMV - MultiMetaVerse Stock Jumps On Proposed Acquisition Of Bowong AI - What's On The Cards? | Benzinga
MultiMetaVerse Holdings Limited (NASDAQ:MMV), an animation and entertainment company, has signed a non-binding term sheet to acquire 100% of Bowong Technology (Shenzhen) Co., Ltd. and its subsidiaries.
MMV will issue Class A ordinary shares as consideration, subject to further due diligence and negotiation, with a one-year lock-up period. MMV has an exclusive 90-day period to finalize a definitive agreement to acquire Bowong AI.
Founded in 2022, Bowong AI specializes in ...