{"id":1650,"date":"2024-10-02T07:42:44","date_gmt":"2024-10-02T07:42:44","guid":{"rendered":"http:\/\/sofakingdrunk.com\/index.php\/2024\/10\/02\/multimetaverse-holdings-limited-announces-signing-of-term-sheet-with-bowong-technology\/"},"modified":"2024-10-02T07:42:44","modified_gmt":"2024-10-02T07:42:44","slug":"multimetaverse-holdings-limited-announces-signing-of-term-sheet-with-bowong-technology","status":"publish","type":"post","link":"https:\/\/sofakingdrunk.com\/index.php\/2024\/10\/02\/multimetaverse-holdings-limited-announces-signing-of-term-sheet-with-bowong-technology\/","title":{"rendered":"MultiMetaVerse Holdings Limited Announces Signing of Term Sheet with Bowong Technology"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"\">&#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n&#13;<\/p>\n<div class=\"article-rhea-tools\">\n<div class=\"news-card-body\">\n<div class=\"news-card-summary mb-2\">\n<div id=\"summary\" lang=\"en\">\n<p>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.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>The term sheet is preliminary and non-binding, with no guarantee of completion or final terms of the proposed acquisition.<\/p>\n<\/div>\n<div id=\"summary-it\" class=\"rhea-summary d-none\" lang=\"it\">\n<p>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&#8217;acquisizione proposta prevede l&#8217;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&#8217;acquisizione.<\/p>\n<p>Bowong Technology \u00e8 un&#8217;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&#8217;azienda si \u00e8 espansa a livello internazionale, collaborando con piattaforme come Amazon e TikTok per fornire servizi di streaming dal vivo AI.<\/p>\n<p>Il team di gestione di Bowong Technology include professionisti provenienti da importanti aziende di e-commerce e AI. Il fondatore, Yingbo Liu, \u00e8 un imprenditore seriale con esperienza in vari aspetti delle operazioni aziendali.<\/p>\n<p>Il termine dell&#8217;accordo \u00e8 preliminare e non vincolante, senza garanzia di completamento o termini finali per l&#8217;acquisizione proposta.<\/p>\n<\/div>\n<div id=\"summary-es\" class=\"rhea-summary d-none\" lang=\"es\">\n<p>MultiMetaVerse Holdings (NASDAQ: MMV) ha entrado en un acuerdo no vinculante con Bowong Technology para adquirir todas las acciones de Bowong Technology a trav\u00e9s de una holding de las Islas Caim\u00e1n. La adquisici\u00f3n propuesta implica emitir 37,000,000 de acciones ordinarias de Clase A de MMV a $0.75 por acci\u00f3n, valorando al Bowong Group en 28 millones de d\u00f3lares antes de la adquisici\u00f3n.<\/p>\n<p>Bowong Technology es una empresa de comercio electr\u00f3nico de IA verticalmente integrada que ofrece tecnolog\u00edas y servicios de IA integrales para vendedores en plataformas de comercio electr\u00f3nico sociales y tradicionales. La empresa se ha expandido internacionalmente, asoci\u00e1ndose con plataformas como Amazon y TikTok para proporcionar servicios de transmisi\u00f3n en vivo con IA.<\/p>\n<p>El equipo de gesti\u00f3n de Bowong Technology incluye profesionales de destacadas empresas de comercio electr\u00f3nico y de IA. El fundador, Yingbo Liu, es un emprendedor en serie con experiencia en varios aspectos de las operaciones comerciales.<\/p>\n<p>El acuerdo es preliminar y no vinculante, sin garant\u00eda de finalizaci\u00f3n o condiciones finales para la adquisici\u00f3n propuesta.<\/p>\n<\/div>\n<div id=\"summary-kr\" class=\"rhea-summary d-none\" lang=\"kr\">\n<p>MultiMetaVerse Holdings (NASDAQ: MMV)\ub294 Bowong Technology\uc640 \ube44\uad6c\uc18d\uc801\uc778 \uc870\uac74 \uc2dc\ud2b8\ub97c \uccb4\uacb0\ud558\uc5ec \ucf00\uc774\ub9e8 \uc81c\ub3c4\uc5d0 \uc788\ub294 \uc6b4\uc601 \ud68c\uc0ac\ub97c \ud1b5\ud574 Bowong Technology\uc758 \ubaa8\ub4e0 \uc8fc\uc2dd\uc744 \uc778\uc218\ud558\uae30\ub85c \ud588\uc2b5\ub2c8\ub2e4. \uc81c\uc548\ub41c \uc778\uc218\ub294 MMV\uc758 37,000,000\uc8fc \ubcf4\ud1b5\uc8fc Class A\ub97c \uc8fc\ub2f9 $0.75\uc5d0 \ubc1c\ud589\ud558\ub294 \uac83\uacfc \uad00\ub828\uc774 \uc788\uc73c\uba70, \uc778\uc218 \uc804\uc5d0 Bowong Group\uc758 \uac00\uce58\ub294 2800\ub9cc \ub2ec\ub7ec\uc785\ub2c8\ub2e4.<\/p>\n<p>Bowong Technology\ub294 \uc0ac\ud68c \ubc0f \uc804\ud1b5 \uc804\uc790\uc0c1\uac70\ub798 \ud50c\ub7ab\ud3fc\uc758 \ud310\ub9e4\uc790\ub4e4\uc5d0\uac8c \ud3ec\uad04\uc801\uc778 AI \uae30\uc220\uacfc \uc11c\ube44\uc2a4\ub97c \uc81c\uacf5\ud558\ub294 \uc218\uc9c1 \ud1b5\ud569 AI \uc804\uc790\uc0c1\uac70\ub798 \ud68c\uc0ac\uc785\ub2c8\ub2e4. \uc774 \ud68c\uc0ac\ub294 Amazon\uacfc TikTok\uacfc \uac19\uc740 \ud50c\ub7ab\ud3fc\uacfc \ud30c\ud2b8\ub108\uc2ed\uc744 \ub9fa\uace0 AI \ub77c\uc774\ube0c \uc2a4\ud2b8\ub9ac\ubc0d \uc11c\ube44\uc2a4 \uc81c\uacf5\uc744 \ud1b5\ud574 \uad6d\uc81c\uc801\uc73c\ub85c \ud655\uc7a5\uc744 \ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n<p>Bowong Technology\uc758 \uacbd\uc601\ud300\uc740 \uc8fc\uc694 \uc804\uc790\uc0c1\uac70\ub798 \ubc0f AI \uae30\uc5c5 \ucd9c\uc2e0\uc758 \uc804\ubb38\uac00\ub4e4\ub85c \uad6c\uc131\ub418\uc5b4 \uc788\uc2b5\ub2c8\ub2e4. \ucc3d\ub9bd\uc790\uc778 Yingbo Liu\ub294 \ub2e4\uc591\ud55c \ube44\uc988\ub2c8\uc2a4 \uc6b4\uc601 \uce21\uba74\uc5d0\uc11c \uacbd\ub825\uc744 \uac00\uc9c4 \uc5f0\uc1c4 \uae30\uc5c5\uac00\uc785\ub2c8\ub2e4.<\/p>\n<p>\uc774 \uc870\uac74 \uc2dc\ud2b8\ub294 \ucd08\uae30\uc801\uc774\uba70 \ube44\uad6c\uc18d\uc801\uc774\uba70, \uc81c\uc548\ub41c \uc778\uc218\uc758 \uc644\ub8cc \ub610\ub294 \ucd5c\uc885 \uc870\uac74\uc5d0 \ub300\ud55c \ubcf4\uc7a5\uc744 \uc81c\uacf5\ud558\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4.<\/p>\n<\/div>\n<div id=\"summary-fr\" class=\"rhea-summary d-none\" lang=\"fr\">\n<p>MultiMetaVerse Holdings (NASDAQ: MMV) a sign\u00e9 une feuille de conditions non contraignante avec Bowong Technology pour acqu\u00e9rir toutes les actions de Bowong Technology par le biais d&#8217;une holding des \u00eeles Ca\u00efmans. L&#8217;acquisition propos\u00e9e comprend l&#8217;\u00e9mission de 37 000 000 d&#8217;actions ordinaires de classe A de MMV \u00e0 0,75 $ par action, \u00e9valuant le groupe Bowong \u00e0 28 millions de dollars avant l&#8217;acquisition.<\/p>\n<p>Bowong Technology est une entreprise de commerce \u00e9lectronique AI int\u00e9gr\u00e9e verticalement, offrant des technologies et des services AI complets pour les vendeurs sur des plateformes de commerce \u00e9lectronique sociales et traditionnelles. L&#8217;entreprise s&#8217;est \u00e9tendue \u00e0 l&#8217;international, en s&#8217;associant \u00e0 des plateformes comme Amazon et TikTok pour fournir des services de streaming en direct AI.<\/p>\n<p>Le comit\u00e9 de direction de Bowong Technology comprend des professionnels d&#8217;entreprises de commerce \u00e9lectronique et d&#8217;IA de premier plan. Le fondateur, Yingbo Liu, est un entrepreneur en s\u00e9rie ayant de l&#8217;exp\u00e9rience dans divers aspects des op\u00e9rations commerciales.<\/p>\n<p>La feuille de conditions est pr\u00e9liminaire et non contraignante, sans garantie d&#8217;ach\u00e8vement ou de conditions finales pour l&#8217;acquisition propos\u00e9e.<\/p>\n<\/div>\n<div id=\"summary-de\" class=\"rhea-summary d-none\" lang=\"de\">\n<p>MultiMetaVerse Holdings (NASDAQ: MMV) hat ein nicht bindendes Term Sheet mit Bowong Technology unterzeichnet, um alle Anteile von Bowong Technology \u00fcber eine Holdinggesellschaft auf den Kaimaninseln zu erwerben. Die vorgeschlagene \u00dcbernahme 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 \u00dcbernahme mit 28 Millionen USD bewertet.<\/p>\n<p>Bowong Technology ist ein vertikal integriertes KI-E-Commerce-Unternehmen, das umfassende KI-Technologien und Dienstleistungen f\u00fcr Verk\u00e4ufer 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.<\/p>\n<p>Das Managementteam von Bowong Technology besteht aus Fachleuten f\u00fchrender E-Commerce- und KI-Unternehmen. Der Gr\u00fcnder, Yingbo Liu, ist ein Serienunternehmer mit Erfahrung in verschiedenen Gesch\u00e4ftsbereichen.<\/p>\n<p>Das Term Sheet ist vorl\u00e4ufig und nicht bindend, ohne Garantie f\u00fcr den Abschluss oder endg\u00fcltige Bedingungen der vorgeschlagenen \u00dcbernahme.<\/p>\n<\/div><\/div>\n<div class=\"news-card-takes mt-2\">\n<div id=\"news-card-positive\" class=\"news-card-positive \">\n<p>Positive<\/p>\n<ul>&#13;<br \/>\n            &#13;<\/p>\n<li>Potential acquisition of Bowong Technology, an AI e-commerce company with international presence<\/li>\n<p>&#13;<br \/>\n            &#13;<\/p>\n<li>Bowong Technology&#8217;s partnerships with major platforms like Amazon and TikTok<\/li>\n<p>&#13;<br \/>\n            &#13;<\/p>\n<li>Experienced management team from leading e-commerce and AI companies<\/li>\n<p>&#13;<br \/>\n            &#13;<\/p>\n<li>Expansion into AI live streaming slicing services for international sellers<\/li>\n<p>&#13;<br \/>\n            &#13;\n          <\/ul>\n<\/p><\/div>\n<div id=\"news-card-negative\" class=\"news-card-negative \">\n<p>Negative<\/p>\n<ul>&#13;<br \/>\n            &#13;<\/p>\n<li>Non-binding term sheet with no guarantee of deal completion<\/li>\n<p>&#13;<br \/>\n            &#13;<\/p>\n<li>Potential shareholder dilution due to issuance of 37,000,000 new Class A ordinary shares<\/li>\n<p>&#13;<br \/>\n            &#13;<\/p>\n<li>Uncertainty regarding final terms and conditions of the proposed acquisition<\/li>\n<p>&#13;<br \/>\n            &#13;\n          <\/ul>\n<\/p><\/div>\n<\/p><\/div>\n<section id=\"experts-container\">&#13;<\/p>\n<p>&#13;<\/p>\n<h2 class=\"title\">Insights<\/h2>\n<p>  &#13;\n        <\/p>\n<p>&#13;<br \/>\n    &#13;<\/p>\n<div class=\"accordion mt-3\" id=\"accordionExpertsAnalysis\">\n<div class=\"accordion-item mt-1\">\n<div id=\"collapseExpert0\" class=\"accordion-collapse collapse\" aria-labelledby=\"heading0\" role=\"region\">\n<div class=\"accordion-body\">\n<p>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 <money>$28 million<\/money>, involves MMV issuing <b>37 million Class A ordinary shares<\/b> at <money>$0.75<\/money> per share. This acquisition could substantially expand MMV&#8217;s technological capabilities and market reach.<\/p>\n<p>Key points to consider:<\/p>\n<ul>\n<li>The acquisition would diversify MMV&#8217;s portfolio beyond animation, entering the high-growth AI e-commerce market.<\/li>\n<li>Bowong&#8217;s international presence, particularly on platforms like Amazon and TikTok, could provide MMV with global expansion opportunities.<\/li>\n<li>The deal structure (all-stock transaction) preserves MMV&#8217;s cash position but will result in significant dilution for existing shareholders.<\/li>\n<li>The non-binding nature of the term sheet and contingencies like financing requirements introduce uncertainty to the deal&#8217;s completion.<\/li>\n<\/ul>\n<p>Investors should closely monitor the progress of definitive agreements and potential synergies between MMV&#8217;s existing business and Bowong&#8217;s AI e-commerce solutions. The success of this acquisition could significantly impact MMV&#8217;s future growth trajectory and market valuation.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"accordion-item mt-1\">\n<div id=\"collapseExpert1\" class=\"accordion-collapse collapse\" aria-labelledby=\"heading1\" role=\"region\">\n<div class=\"accordion-body\">\n<p>Bowong Technology&#8217;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.<\/p>\n<p>The integration of Bowong&#8217;s AI capabilities with MMV&#8217;s existing animation and entertainment focus could create unique synergies. For instance:<\/p>\n<ul>\n<li>AI-enhanced character animations for e-commerce marketing<\/li>\n<li>Personalized content recommendations for young consumers<\/li>\n<li>Advanced data analytics for targeted entertainment product sales<\/li>\n<\/ul>\n<p>However, the success of this integration will heavily depend on the seamless merging of technologies and corporate cultures. The management team&#8217;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.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>&#13;<br \/>\n      <\/section>\n<\/p><\/div>\n<\/div>\n<p>&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n    &#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n    <time datetime=\"2024-10-02T06:22:00.000Z\" class=\"fst-italic pb-1\"> 10\/02\/2024 &#8211; 02:22 AM <\/time>&#13;<br \/>\n&#13;<\/p>\n<p align=\"justify\">SHANGHAI, Oct.  02, 2024  (GLOBE NEWSWIRE) &#8212; MultiMetaVerse Holdings Limited (NASDAQ: MMV) (\u201c<strong>MMV<\/strong>\u201d or the \u201c<strong>Company<\/strong>\u201d), a leading animation and entertainment company for young consumers in China, today announced that it has entered into a non-binding term sheet (the \u201c<strong>Term Sheet<\/strong>\u201d) with Bowong Technology (Shenzhen) Co., Ltd. (the \u201c<strong>Bowong Technology<\/strong>\u201d) to acquire all of the shares of Bowong Technology.<\/p>\n<p align=\"justify\">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 (\u201c<strong>Bowong Cayman<\/strong>\u201d), 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 (\u201c<strong>Bowong Group<\/strong>\u201d). The Term Sheet calls for the issuance of 37,000,000 Class A ordinary shares of MMV at a consideration valuation of US<money>$0.75<\/money> per share to the shareholders of Bowong Cayman in exchange for all of the issued and outstanding share capital of Bowong Cayman, valuing Bowong Group at a pre-acquisition valuation of US<money>$28 million<\/money>. The proposed acquisition, if completed, would result in Bowong Cayman becoming a wholly-owned subsidiary of MMV and Bowong Group being consolidated subsidiaries and affiliates of MMV.<\/p>\n<p align=\"justify\">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.<\/p>\n<p align=\"justify\">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.\u00a0Mr. 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.<\/p>\n<p align=\"justify\">The Term Sheet is MMV\u2019s 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.<\/p>\n<p align=\"justify\"><strong>About MultiMetaVerse Holdings Limited<\/strong><\/p>\n<p align=\"justify\">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\u2019s 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.<\/p>\n<p align=\"justify\"><strong>Safe Harbor Statement<\/strong><\/p>\n<p align=\"justify\">This press release contains forward-looking statements which generally are identified by the words \u201cbelieve,\u201d \u201cproject,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201cstrategy,\u201d \u201cfuture,\u201d \u201copportunity,\u201d \u201cplan,\u201d \u201cmay,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201cwill be,\u201d \u201cwill continue,\u201d \u201cwill likely result,\u201d and similar expressions. Without limiting the generality of the foregoing, the forward-looking statements in this press release include descriptions of the Company\u2019s 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\u2019s 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\u2019s 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.<\/p>\n<p align=\"justify\">For more information, please visit https:\/\/www.multi-metaverse.com\/.<\/p>\n<p align=\"justify\">For investor and media inquiries, please contact:<\/p>\n<p align=\"justify\">MultiMetaVerse Holdings Limited<br \/>Investor Relations<br \/>E-mail: ir@multi-metaverse.com<\/p>\n<p>  <br \/><img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/NGM0NzQzYzAtYjFmNy00Y2Q3LThhYWEtMDkzNmY5NGU1YWZkLTEzMDY3MjQ=\/tiny\/MultiMetaVerse-Holdings-Limite.png\" referrerpolicy=\"no-referrer-when-downgrade\"\/>&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n    &#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n  &#13;<\/p>\n<section id=\"faq-container\">&#13;<\/p>\n<p>&#13;<\/p>\n<h2 class=\"title\">FAQ<\/h2>\n<p>  &#13;\n  <\/p>\n<p>&#13;<br \/>\n  &#13;<br \/>\n  &#13;<\/p>\n<div class=\"faq-item mt-1\">\n<h3>What is the proposed acquisition value for Bowong Technology by MultiMetaVerse Holdings (MMV)?<\/h3>\n<p>&#13;<br \/>\n          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.&#13;\n        <\/p>\n<\/p><\/div>\n<p>&#13;<br \/>\n  &#13;<\/p>\n<div class=\"faq-item mt-1\">\n<h3>What services does Bowong Technology offer in the AI e-commerce sector?<\/h3>\n<p>&#13;<br \/>\n          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.&#13;\n        <\/p>\n<\/p><\/div>\n<p>&#13;<br \/>\n  &#13;<\/p>\n<div class=\"faq-item mt-1\">\n<h3>Who is the founder of Bowong Technology and what is their background?<\/h3>\n<p>&#13;<br \/>\n          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.&#13;\n        <\/p>\n<\/p><\/div>\n<p>&#13;<br \/>\n  &#13;<\/p>\n<div class=\"faq-item mt-1\">\n<h3>Is the term sheet for the acquisition of Bowong Technology by MMV binding?<\/h3>\n<p>&#13;<br \/>\n          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.&#13;\n        <\/p>\n<\/p><\/div>\n<p>&#13;<br \/>\n  &#13;<br \/>\n<\/section>\n<p>&#13;<br \/>\n&#13;<br \/>\n&#13;\n  <\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.stocktitan.net\/news\/MMV\/multi-meta-verse-holdings-limited-announces-signing-of-term-sheet-sj709k7bdlw0.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#13; &#13; &#13; &#13; &#13; 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&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":1651,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[2782,2786,2784,2781,2788,2787,2795,2794,2778,2777,2775,2776,2774,2785,2783,2792,2791,2780,2793,2789,2790,2779],"class_list":["post-1650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-teknologi","tag-company-news","tag-day-trading","tag-financial-disclosures","tag-financial-news","tag-individual-investors","tag-investment-community","tag-investment-opportunities","tag-market-commentary","tag-mmv-earnings","tag-mmv-latest-news","tag-mmv-news","tag-mmv-stock","tag-mmv-stock-news","tag-multimedia-content","tag-press-releases","tag-stock-market-analysis","tag-stock-market-data","tag-stock-market-feed","tag-stock-market-insights","tag-stock-market-quotes","tag-stock-market-trends","tag-stock-market-updates"],"_links":{"self":[{"href":"https:\/\/sofakingdrunk.com\/index.php\/wp-json\/wp\/v2\/posts\/1650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sofakingdrunk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sofakingdrunk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sofakingdrunk.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sofakingdrunk.com\/index.php\/wp-json\/wp\/v2\/comments?post=1650"}],"version-history":[{"count":0,"href":"https:\/\/sofakingdrunk.com\/index.php\/wp-json\/wp\/v2\/posts\/1650\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sofakingdrunk.com\/index.php\/wp-json\/wp\/v2\/media\/1651"}],"wp:attachment":[{"href":"https:\/\/sofakingdrunk.com\/index.php\/wp-json\/wp\/v2\/media?parent=1650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sofakingdrunk.com\/index.php\/wp-json\/wp\/v2\/categories?post=1650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sofakingdrunk.com\/index.php\/wp-json\/wp\/v2\/tags?post=1650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}