Mergers & Acquisitions ·
Marwynn Holdings acquires software platform from Zhituo Software for 4M shares
MWYNMarwynn Holdings, Inc.
Marwynn Holdings entered into a definitive agreement to acquire the proprietary Phase 1 core platform and associated intellectual property rights from Zhituo Software Co., Limited. The transaction is settled through the issuance of 4,000,000 unregistered shares of common stock, which are subject to deferral until the completion of any reverse stock split or at-the-market offering program. Ownership of the technology transferred immediately upon signing, with Zhituo obligated to complete administrative handover within 30 days and provide a 90-day defect correction period. Marwynn Holdings operates in the software and technology sector.