Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Fresh2 Group Ltd completed an acquisition involving YBB TECHNOLOGY INC. for 112,500,000 Class A ordinary shares of the Company valued at $4,500,000, and $150,000 in cash (closed 2024-03-26).
- Action
- acquisition
- Counterparty
- YBB TECHNOLOGY INC.
- Consideration
- 112,500,000 Class A ordinary shares of the Company valued at $4,500,000, and $150,000 in cash
- Closing
- 2024-03-26
Exact text from the filing
technology platform, intellectual property, books and records, licenses and permits, and other assets related to such business. The aggregate purchase price consists of (i) 112,500,000 Class A ordinary shares of the Company valued at $4,500,000, and (ii) $150,000 in cash. The transaction closed on March 26, 2024. The foregoing description of the Asset Purchase
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Fresh2 Group Ltd entered into Asset Purchase Agreement with YBB TECHNOLOGY INC. valued at aggregate purchase price consists of (i) 112,500,000 Class A ordinary shares of the Company valued a (effective 2024-03-22).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- YBB TECHNOLOGY INC.
- Value
- aggregate purchase price consists of (i) 112,500,000 Class A ordinary shares of the Company valued a
- Effective
- 2024-03-22
Exact text from the filing
On March 22, 2024, Fresh2 Group Limited (the “Company”) and its subsidiary, Fresh2 Information Inc, entered into an asset purchase agreement with YBB TECHNOLOGY INC., a New Jersey corporation providing Asian food and grocery delivery services as well as operating a food wholesale business (the “Seller”), to acquire the Seller’s food wholesale business, including inventories, account receivables, account payables, equipment, technology platform, intellectual property, books and records, licenses and permits, and other assets related to such business. The aggregate purchase price consists of (i) 112,500,000 Class A ordinary shares of the Company valued at $4,500,000, and (ii) $150,000 in cash.
View on SEC.gov