ATIF Holdings Limited (NASDAQ:ZBAI) (the "Company" or "ATIF") and Metra Group Limited, a Cayman Islands exempted company ("Metra Group"), today jointly announced that they have signed a non-binding letter of intent ("LOI"), pursuant to which ATIF proposes to acquire all equity interests of Metra Group, a company engaged in issuing verifiable physical gold backed digital coins and an unified gold coin supported financial, trading, payment, settlement and asset management ecosystem. 

The proposed transaction is structured as a share-for-share acquisition, whereby ATIF will issue its ordinary shares and options to the shareholders of Metra Group based on a valuation of ranging from $450 million to $550 million, or as otherwise agreed upon by the parties. ATIF will engage an independent and qualified advisor to provide a fairness analysis and report on the consideration to be paid to the shareholders of Metra Group in the proposed acquisition.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.