Nightfood Signs LOI to Acquire 51% of Semiconductor Automation Firm Jiun Jiang Enterprise

NightFood Holdings, Inc.

Nightfood (NGTF) entered non-binding LOI to acquire 51% of JJ Enterprise, a Taiwan-based semiconductor automation and advanced manufacturing company.
Consideration is all-stock, with initial enterprise value ~$100M based on ~$20M annual revenue run rate; earnout milestones up to $1.2B at $400M audited revenue.
Transaction contingent on PCAOB-compliant audited financials, due diligence, definitive agreements, and Nightfood's uplisting to a national exchange.
JJ Enterprise's management to continue leading operations; Nightfood would control JJ Enterprise's board as majority owner.
No guarantee that definitive agreements will be executed or the transaction completed.

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