AcquisitionsApr 28, 2026, 08:32 AM
ZBAI to Acquire Metra Group for $450M-$550M in Share Deal
AI Summary
ATIF Holdings Limited announced a non-binding letter of intent to acquire Metra Group Limited, a company focused on issuing verifiable physical gold-backed digital coins and an integrated financial ecosystem. The proposed share-for-share acquisition values Metra Group between $450 million and $550 million. This move follows the expiration of ATIF's previous LOI to acquire Mask Global Market Co. Ltd., as ATIF shifts its focus to gold-backed digital assets, believing Metra's business offers a high-quality digital product for global payment and settlement.
Key Highlights
- ATIF Holdings signed a non-binding LOI to acquire Metra Group Limited.
- Proposed acquisition values Metra Group from $450 million to $550 million.
- Transaction structured as a share-for-share acquisition, issuing ATIF shares and options.
- ATIF will engage an independent advisor for a fairness analysis of the consideration.
- Parties agreed to an exclusivity period of up to 60 days for negotiations.
- Previous non-binding LOI to acquire Mask Global Market Co. Ltd. expired due to market competitiveness.
- ATIF believes Metra's gold-backed digital product has potential for global payment and settlement.