Core Viewpoint - ATIF Holdings Limited (ZBAI) has entered into a non-binding letter of intent to acquire 100% equity of Mask Global Market Co. Ltd. through the issuance of ZBAI Class A ordinary shares [1][2] Group 1: Acquisition Details - The acquisition will involve ZBAI exchanging a certain amount of Class A ordinary shares for all issued shares of Mask Global, with the final consideration to be determined based on due diligence and audited financial statements [2] - The LOI includes a 60-day exclusivity period during which neither party can negotiate with third parties regarding similar transactions [2] - Mask Global was evaluated between $450 million and $550 million in a 2023 report by Valtech, which will be considered in the final transaction [2] Group 2: Strategic Implications - The merger is expected to enhance ZBAI's global market presence, particularly in the Web2 and Web3 sectors, leveraging ZBAI's capital market platform and Mask Global's operational strengths [3] - Both CEOs expressed optimism about the merger, highlighting the growth potential and market competitiveness of Mask Global, and the broader development platform and capital support it will provide [4] Group 3: Company Backgrounds - Mask Global operates as a traditional cryptocurrency exchange, aiming to connect Web2 and Web3, and is developing a regulated all-in-one super app and wallet service [5] - ZBAI specializes in providing IPO, M&A advisory, and post-IPO compliance services to small and medium-sized companies seeking to go public in the U.S. and is exploring opportunities in the BTC sector [6]