UTime to Acquire Feixiaohao for Up to $80 Million in Equity and Cash

Chainthink

Release Time: 03/13/2026 13:01:34

Summary

UTime (WTO) signed a non-binding letter of intent to acquire Feixiaohao for up to $80 million in equity and cash. The transaction includes $64 million in stock or convertible preferred shares and $16 million in cash. Feixiaohao’s Web3 data platform serves millions of cryptocurrency users. UTime plans to integrate its digital asset data with mobile and smart hardware, potentially expanding access to inflation data for blockchain analytics.

ChainThink reports that on March 13, Nasdaq-listed company UTime (WTO) announced it has signed a non-binding letter of intent to acquire 100% of the equity in the crypto data platform Feixiaohao for up to $80 million. The transaction is expected to consist of $64 million in stock or convertible preferred shares and $16 million in cash.

If the transaction is completed, UTime plans to enter the blockchain data infrastructure space by leveraging Feixiaohao’s Web3 data platform, which reaches millions of cryptocurrency users, and explore integrating digital asset data services with its mobile and smart hardware products.

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