Mergers & Acquisitions ·
HiTek Global Inc. entered into a Share Purchase Agreement on August 3, 2026, to acquire all outstanding shares of Ju…
HKITBiddance AI Systems, Inc.
HiTek Global Inc. entered into a Share Purchase Agreement on August 3, 2026, to acquire all outstanding shares of Ju Fu Limited for an aggregate consideration of US$20 million. The deal comprises US$14 million in cash (US$11 million at closing and up to US$3 million deferred based on performance targets) plus 4,000,000 Class A ordinary shares valued at US$6 million. The acquisition is structured in two tranches, with the first closing expected by August 11, 2026. Ju Fu operates an advertising and digital marketing business under the 'Beijing Fourth Coco' brand through its subsidiaries. HiTek Global Inc. operates as an information technology consulting and solutions service provider in China.