MultiMetaVerse Holdings (NASDAQ: MMV) has entered into a non-binding term sheet with Bowong Technology to acquire all shares of Bowong Technology through a Cayman Islands holding company. The proposed acquisition involves issuing 37,000,000 Class A ordinary shares of MMV at $0.75 per share, valuing Bowong Group at $28 million pre-acquisition.
Bowong Technology is a vertically integrated AI e-commerce company offering comprehensive AI technologies and services for sellers on social and traditional e-commerce platforms. The company has expanded internationally, partnering with platforms like Amazon and TikTok to provide AI live streaming slicing services.
The management team of Bowong Technology includes professionals from leading e-commerce and AI companies. The founder, Yingbo Liu, is a serial entrepreneur with experience in various aspects of business operations.
The term sheet is preliminary and non-binding, with no guarantee of completion or final terms of the proposed acquisition.
MultiMetaVerse Holdings (NASDAQ: MMV) ha firmato un accordo non vincolante con Bowong Technology per acquisire tutte le azioni di Bowong Technology tramite una holding delle Isole Cayman. L’acquisizione proposta prevede l’emissione di 37.000.000 azioni ordinarie di classe A di MMV a $0,75 per azione, valutando il Bowong Group a 28 milioni di dollari prima dell’acquisizione.
Bowong Technology è un’azienda di e-commerce AI verticalmente integrata che offre tecnologie e servizi AI completi per i venditori su piattaforme di e-commerce sociali e tradizionali. L’azienda si è espansa a livello internazionale, collaborando con piattaforme come Amazon e TikTok per fornire servizi di streaming dal vivo AI.
Il team di gestione di Bowong Technology include professionisti provenienti da importanti aziende di e-commerce e AI. Il fondatore, Yingbo Liu, è un imprenditore seriale con esperienza in vari aspetti delle operazioni aziendali.
Il termine dell’accordo è preliminare e non vincolante, senza garanzia di completamento o termini finali per l’acquisizione proposta.
MultiMetaVerse Holdings (NASDAQ: MMV) ha entrado en un acuerdo no vinculante con Bowong Technology para adquirir todas las acciones de Bowong Technology a través de una holding de las Islas Caimán. La adquisición propuesta implica emitir 37,000,000 de acciones ordinarias de Clase A de MMV a $0.75 por acción, valorando al Bowong Group en 28 millones de dólares antes de la adquisición.
Bowong Technology es una empresa de comercio electrónico de IA verticalmente integrada que ofrece tecnologías y servicios de IA integrales para vendedores en plataformas de comercio electrónico sociales y tradicionales. La empresa se ha expandido internacionalmente, asociándose con plataformas como Amazon y TikTok para proporcionar servicios de transmisión en vivo con IA.
El equipo de gestión de Bowong Technology incluye profesionales de destacadas empresas de comercio electrónico y de IA. El fundador, Yingbo Liu, es un emprendedor en serie con experiencia en varios aspectos de las operaciones comerciales.
El acuerdo es preliminar y no vinculante, sin garantía de finalización o condiciones finales para la adquisición propuesta.
MultiMetaVerse Holdings (NASDAQ: MMV)는 Bowong Technology와 비구속적인 조건 시트를 체결하여 케이맨 제도에 있는 운영 회사를 통해 Bowong Technology의 모든 주식을 인수하기로 했습니다. 제안된 인수는 MMV의 37,000,000주 보통주 Class A를 주당 $0.75에 발행하는 것과 관련이 있으며, 인수 전에 Bowong Group의 가치는 2800만 달러입니다.
Bowong Technology는 사회 및 전통 전자상거래 플랫폼의 판매자들에게 포괄적인 AI 기술과 서비스를 제공하는 수직 통합 AI 전자상거래 회사입니다. 이 회사는 Amazon과 TikTok과 같은 플랫폼과 파트너십을 맺고 AI 라이브 스트리밍 서비스 제공을 통해 국제적으로 확장을 하고 있습니다.
Bowong Technology의 경영팀은 주요 전자상거래 및 AI 기업 출신의 전문가들로 구성되어 있습니다. 창립자인 Yingbo Liu는 다양한 비즈니스 운영 측면에서 경력을 가진 연쇄 기업가입니다.
이 조건 시트는 초기적이며 비구속적이며, 제안된 인수의 완료 또는 최종 조건에 대한 보장을 제공하지 않습니다.
MultiMetaVerse Holdings (NASDAQ: MMV) a signé une feuille de conditions non contraignante avec Bowong Technology pour acquérir toutes les actions de Bowong Technology par le biais d’une holding des îles Caïmans. L’acquisition proposée comprend l’émission de 37 000 000 d’actions ordinaires de classe A de MMV à 0,75 $ par action, évaluant le groupe Bowong à 28 millions de dollars avant l’acquisition.
Bowong Technology est une entreprise de commerce électronique AI intégrée verticalement, offrant des technologies et des services AI complets pour les vendeurs sur des plateformes de commerce électronique sociales et traditionnelles. L’entreprise s’est étendue à l’international, en s’associant à des plateformes comme Amazon et TikTok pour fournir des services de streaming en direct AI.
Le comité de direction de Bowong Technology comprend des professionnels d’entreprises de commerce électronique et d’IA de premier plan. Le fondateur, Yingbo Liu, est un entrepreneur en série ayant de l’expérience dans divers aspects des opérations commerciales.
La feuille de conditions est préliminaire et non contraignante, sans garantie d’achèvement ou de conditions finales pour l’acquisition proposée.
MultiMetaVerse Holdings (NASDAQ: MMV) hat ein nicht bindendes Term Sheet mit Bowong Technology unterzeichnet, um alle Anteile von Bowong Technology über eine Holdinggesellschaft auf den Kaimaninseln zu erwerben. Die vorgeschlagene Übernahme sieht die Emission von 37.000.000 Class-A-Stammaktien von MMV zu einem Preis von 0,75 USD pro Aktie vor, was den Bowong Group vor der Übernahme mit 28 Millionen USD bewertet.
Bowong Technology ist ein vertikal integriertes KI-E-Commerce-Unternehmen, das umfassende KI-Technologien und Dienstleistungen für Verkäufer auf sozialen und traditionellen E-Commerce-Plattformen anbietet. Das Unternehmen hat international expandiert und arbeitet mit Plattformen wie Amazon und TikTok zusammen, um KI-Streaming-Services anzubieten.
Das Managementteam von Bowong Technology besteht aus Fachleuten führender E-Commerce- und KI-Unternehmen. Der Gründer, Yingbo Liu, ist ein Serienunternehmer mit Erfahrung in verschiedenen Geschäftsbereichen.
Das Term Sheet ist vorläufig und nicht bindend, ohne Garantie für den Abschluss oder endgültige Bedingungen der vorgeschlagenen Übernahme.
Positive
- Potential acquisition of Bowong Technology, an AI e-commerce company with international presence
- Bowong Technology’s partnerships with major platforms like Amazon and TikTok
- Experienced management team from leading e-commerce and AI companies
- Expansion into AI live streaming slicing services for international sellers
Negative
- Non-binding term sheet with no guarantee of deal completion
- Potential shareholder dilution due to issuance of 37,000,000 new Class A ordinary shares
- Uncertainty regarding final terms and conditions of the proposed acquisition
Insights
The proposed acquisition of Bowong Technology by MultiMetaVerse Holdings (MMV) represents a significant strategic move in the AI e-commerce sector. The deal, valued at
Key points to consider:
- The acquisition would diversify MMV’s portfolio beyond animation, entering the high-growth AI e-commerce market.
- Bowong’s international presence, particularly on platforms like Amazon and TikTok, could provide MMV with global expansion opportunities.
- The deal structure (all-stock transaction) preserves MMV’s cash position but will result in significant dilution for existing shareholders.
- The non-binding nature of the term sheet and contingencies like financing requirements introduce uncertainty to the deal’s completion.
Investors should closely monitor the progress of definitive agreements and potential synergies between MMV’s existing business and Bowong’s AI e-commerce solutions. The success of this acquisition could significantly impact MMV’s future growth trajectory and market valuation.
Bowong Technology’s AI-driven e-commerce solutions represent a cutting-edge approach to digital retail. Their focus on AI live streaming slicing services is particularly noteworthy, as it taps into the growing trend of social commerce. This technology could potentially revolutionize how products are marketed and sold online, especially on platforms like TikTok.
The integration of Bowong’s AI capabilities with MMV’s existing animation and entertainment focus could create unique synergies. For instance:
- AI-enhanced character animations for e-commerce marketing
- Personalized content recommendations for young consumers
- Advanced data analytics for targeted entertainment product sales
However, the success of this integration will heavily depend on the seamless merging of technologies and corporate cultures. The management team’s experience from tech giants like Alibaba and Amazon is a strong positive, but executing the vision will be crucial. Investors should watch for post-acquisition integration plans and early signs of technological synergies being realized.
SHANGHAI, Oct. 02, 2024 (GLOBE NEWSWIRE) — MultiMetaVerse Holdings Limited (NASDAQ: MMV) (“MMV” or the “Company”), a leading animation and entertainment company for young consumers in China, today announced that it has entered into a non-binding term sheet (the “Term Sheet”) with Bowong Technology (Shenzhen) Co., Ltd. (the “Bowong Technology”) to acquire all of the shares of Bowong Technology.
Pursuant to the Term Sheet, subject to the satisfaction of certain conditions (including obtaining financing for the restructuring described below), MMV would acquire all of the outstanding shares of a holding company to be incorporated under the laws of the Cayman Islands (“Bowong Cayman”), which through a restructuring will become the ultimate parent and controlling entity of Bowong Technology and all the subsidiaries and affiliates controlled by Bowong Technology (“Bowong Group”). The Term Sheet calls for the issuance of 37,000,000 Class A ordinary shares of MMV at a consideration valuation of US
Bowong Technology is a company equipped with cutting-edge technologies that is vertically integrated in the AI e-commerce sector. The company focuses on delivering comprehensive AI technologies and services for sellers on both emerging social e-commerce platforms and traditional e-commerce platforms. Bowong Technology has not only achieved significant success in in China, it has also expanded its business operations internationally. Through partnerships with a number of companies, Bowong Technology offers AI live streaming slicing services, empowering a wide range of sellers on international platforms, such as Amazon and TikTok, with AI capabilities. Leveraging these global platforms, Bowong Technology is able to provide e-commerce sellers with a comprehensive range of services to achieve overseas product expansion and brand promotion. Through its professional services and innovative solutions, the company has rapidly established itself in the e-commerce sector.
The management team of Bowong Technology comprises talented professionals who have previously served in leading companies across e-commerce and AI sectors, including Alibaba, NetEase, and Amazon, forming a professional production research team. With extensive industry experience and deep expertise in technology, this team is committed to delivering precise and effective services that meet the ever-evolving demands of the market. Mr. Yingbo Liu, the founder of Bowong Technology, is a successful serial entrepreneur with experience in product operations, commercialization, sales, supply chain management, and business development resource integration. Mr. Liu is experienced in corporate operational management.
The Term Sheet is MMV’s preliminary indication of interest and does not contain all matters upon which agreement must be reached in order to consummate the proposed acquisition, nor does it create any binding rights or obligations of any person. The parties will be bound only upon the execution of mutually agreeable definitive documentation. Accordingly, there can be no assurance that the Term Sheet will result in completion of the proposed acquisition or any similar transaction, or as to the terms upon which any transaction, if a transaction is completed, may occur. MMV does not undertake any obligation to provide any update with respect to the proposed acquisition or any other transaction, except as required by law.
About MultiMetaVerse Holdings Limited
MultiMetaVerse Holdings Limited (NASDAQ: MMV) is an animation and entertainment company dedicated to providing a high-quality, immersive entertainment experience through original, user-generated, and professional user-generated content. MMV commenced animation production in 2015 under its signature Aotu World brand, which has attracted a broad following with its inspiring storyline and unique graphic style, particularly among younger audiences in China. By leveraging the company’s established user base, MMV has built a diverse product portfolio, including animated content, comic books, short videos, collectibles, stationery, consumer products, and mobile games across the Aotu World brand. It has also developed and augmented new brands, stories, and characters, such as Neko Album.
Safe Harbor Statement
This press release contains forward-looking statements which generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Without limiting the generality of the foregoing, the forward-looking statements in this press release include descriptions of the Company’s future commercial operations. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, such as the Company’s inability to implement its business plans, identify and realize additional opportunities, or meet or exceed its financial projections and changes in the regulatory or competitive environment in which the Company operates. You should carefully consider the foregoing factors and the other risks and uncertainties described in the Company’s Annual Report on Form 20-F and other documents filed or to be filed by the Company with the SEC from time to time, which could cause actual events and results to differ materially from those contained in the forward-looking statements. All information provided herein is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.
For more information, please visit https://www.multi-metaverse.com/.
For investor and media inquiries, please contact:
MultiMetaVerse Holdings Limited
Investor Relations
E-mail: [email protected]
FAQ
What is the proposed acquisition value for Bowong Technology by MultiMetaVerse Holdings (MMV)?
The proposed acquisition values Bowong Group at a pre-acquisition valuation of US$28 million, with MMV issuing 37,000,000 Class A ordinary shares at a consideration valuation of US$0.75 per share.
What services does Bowong Technology offer in the AI e-commerce sector?
Bowong Technology offers comprehensive AI technologies and services for sellers on social and traditional e-commerce platforms, including AI live streaming slicing services for international platforms like Amazon and TikTok.
Who is the founder of Bowong Technology and what is their background?
The founder of Bowong Technology is Yingbo Liu, a successful serial entrepreneur with experience in product operations, commercialization, sales, supply chain management, and business development resource integration.
Is the term sheet for the acquisition of Bowong Technology by MMV binding?
No, the term sheet is non-binding and preliminary. It does not create any binding rights or obligations and does not guarantee the completion of the proposed acquisition or its final terms.