MergerApr 14, 2026, 09:02 AM
Datasea to Redomicile to BVI, DIT to Trade on Nasdaq as DTSS
AI Summary
Datasea Inc. announced its redomicile to the British Virgin Islands through a merger with its wholly-owned subsidiary, Datasea Intelligent Technology Ltd. (DIT), effective April 15, 2026. Upon completion, Datasea Inc. will cease to exist, and DIT will become the surviving company. Each share of Datasea common stock will convert into one DIT Class A ordinary share, with exceptions for specific shareholders whose shares will convert to Class B ordinary shares. DIT Class A Ordinary Shares will begin trading on the Nasdaq Capital Market under the existing symbol "DTSS" on April 15, 2026.
Key Highlights
- Datasea Inc. to redomicile to British Virgin Islands effective April 15, 2026.
- Merger with wholly-owned subsidiary Datasea Intelligent Technology Ltd. (DIT).
- Datasea common stock converts to DIT Class A ordinary shares.
- DIT Class A shares to trade on Nasdaq under "DTSS" from April 15, 2026.
- Zhixin Liu and Fu Liu's 2,000,000 shares each convert to DIT Class B shares.