Nightfood Holdings Signs LOI to Acquire 51% of Jiun Jiang Enterprise
Nightfood Holdings, Inc. announced it has signed a non-binding Letter of Intent to acquire a 51% controlling interest in Jiun Jiang Enterprise Co., Ltd., a Taiwan-based manufacturer of semiconductor automation and advanced manufacturing systems. The proposed transaction is an all-stock share exchange, with consideration tied to performance-based, PCAOB-audited revenue milestones, potentially valuing the enterprise up to $1.2 billion. This move aims to transform Nightfood into a diversified automation and advanced-manufacturing platform, leveraging JJ Enterprise's existing operations and customer relationships.
Key Highlights
- Nightfood Holdings signed a non-binding LOI to acquire 51% of Jiun Jiang Enterprise Co., Ltd.
- The acquisition is an all-stock share exchange, making JJ Enterprise a majority-owned subsidiary.
- Consideration is performance-based, tied to PCAOB-audited revenue milestones.
- Initial implied enterprise value is $100 million at $20 million annual revenue.
- Potential implied enterprise value could reach $1.2 billion at $400 million audited annual revenue.
- Management targets cumulative revenue of $770 million and EBITDA margins over 25% in five years.
- Transaction is subject to due diligence, definitive agreements, audited financials, and uplisting.
Price Impact
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