ATIF Holdings Proposes Acquisition of Metra Group for $450M-$550M
ATIF Holdings announced the signing of a non-binding letter of intent, pursuant to which ATIF proposes to acquire all equity interests of Metra Group. The proposed transaction is structured as a share-for-share acquisition, whereby ATIF will issue its ordinary shares and options to the shareholders of Metra Group based on a valuation ranging from $450M-$550M. ATIF's management believes that Metra's business has the potential to introduce a high-quality digital product to the market, and may serve as an effective tool for global payment and settlement.
