Luokung Technology Corp. Announces Agreement to Acquire 100% of eMapgo To Develop the First Spatial-temporal Full-vector and Non-tiled Map in China
Luokung Technology Corp - Ordinary Shares (LKCO)
Company Research
Source: PR Newswire
BEIJING, Aug. 28, 2019 /PRNewswire/ -- Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung" or the "Company"), one of the global leading spatial-temporal big-data processing technology companies, a leading interactive location-based services company in China, today announced it has entered into an agreement to acquire 100 percent of the equity interests of eMapgo Technologies (Beijing) Co., Ltd. (hereinafter referred to as the "EMG") from EMG's original shareholders for RMB 836 million (approximately equivalent to USD 119 million) (the "Acquisition"), which includes about RMB 709 million in cash, and the remaining RMB 127 million will be paid by the Company's common stock at the conversion rate of $7 dollars per share. The agreement to acquire EMG is conditioned on, among other things, the Company's ability to raise the necessary financing to consummate the acquisition of EMG. The Company expects the completion of the Acquisition will significantly increase its holding quantity of the u
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LKCO
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