Luokung Technology Corp. Announces to Acquire Artificial Intelligence Company
Luokung Technology Corp - Ordinary Shares (LKCO)
Company Research
Source: PR Newswire
BEIJING, May 13, 2019 /PRNewswire/ -- Luokung Technology Corp. (LKCO) ("Luokung" or the "Company"), a leading global spatial-temporal big-data technology company and a leading interactive location-based services company in China, today announced that it has signed a stock purchase agreement to acquire 67.36% of Beijing BotBrain AI Technology Ltd and BOTBRAIN AI LIMITED (collectively "BotBrain "). The Company will invest RMB 20 million to BotBrain and will issue 804,162 ordinary shares at USD $7 per share to the former institution investors of BotBrain to obtain 67.36% (the "Acquisition"). The 32.64% share equity of BotBrain will be remained by Mr. Xueyu Lu, the founder and CEO of BotBrain, along with BotBrain 's core team members. After the Acquisition, Mr. Lu will continue as CEO of BotBrain AI.BotBrain was established in January 2016, and it has been becoming an advanced provider for intelligent content solutions in China. It's artificial intelligence algorithms and technology are a
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News
- Luokung receives additional non-compliance notice from Nasdaq [Seeking Alpha]Seeking Alpha
- Luokung Announces Receipt of Nasdaq Notices Regarding Periodic Filing Compliance and Stockholders’ Equity DeficiencyGlobeNewswire
- Luokung regains compliance with Nasdaq minimum bid price requirement [Seeking Alpha]Seeking Alpha
- Luokung Regains Compliance with Nasdaq Minimum Bid Price RequirementGlobeNewswire
- Luokung Announces 8-to-1 Share CombinationGlobeNewswire
LKCO
Sec Filings
- 11/8/24 - Form SC
- 10/25/24 - Form 6-K
- 10/22/24 - Form 20-F
- LKCO's page on the SEC website