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Recent Updates — BUUU

September 3, 2026View Source ↗

On September 3, 2026, BUUU Group Limited entered into a definitive agreement to acquire a 60% equity interest in Brightray Science Inc., a provider of prefabricated modular data center solutions. The purchase consideration includes newly issued Class A Ordinary Shares valued at US$20.00 per share and a promissory note convertible into up to 10 million shares, subject to performance adjustments. Concurrently, BUUU executed private placement agreements to issue units comprising one Class A Share and half a warrant at $10.00 per unit, expected to generate aggregate gross proceeds exceeding US$60 million when combined with potential warrant exercises. Proceeds will fund capacity expansion and working capital for Brightray’s business. Mr. Bin Wang, Brightray’s founder, will join BUUU as Executive Director and Co-Chief Executive Officer. The company is also relocating its headquarters to Singapore. BUUU Group Limited operates in the event management and stage production industry.