India, Oct. 19 -- Monday, AIOS Tech Inc. (AIOS) announced an agreement with Better Way Holdings Limited, Novo Spring Management Limited and Cloud Spring Limited to acquire SmartCore Holdings Limited in an all-stock transaction valued at approximately $100 million.
As per the terms of the deal, the company will issue around 33.3 million Class A common shares to the sellers at a valuation of $3.00 per share.
The acquisition is expected to add cross-border network connectivity, data center capabilities to AIOS's AI-driven digital infrastructure platform.
Before the closing, the sellers are planning to complete a series of restructuring and reorganization arrangements, under which SmartCore will own three subsidiaries: AIMatrix Limited, a co...