LionSoar Holdings has signed an Investment Intent Letter with a Web3 company to advance the company's AI and DeFi business development.

BlockBeats News, September 15th, Hong Kong-listed company LionRock Holdings announced that it has signed an Investment Intent Agreement with a potential seller to advance the company's AI and DeFi business development. As part of the proposed acquisition, the management team and founders of the target group will provide a three-year revenue and profit guarantee. The consideration for the proposed acquisition will be paid through the issuance of new shares of the company. The proposed acquisition is subject to further due diligence and the signing of the final agreement.

The target group, established in Singapore, is a leader in software innovation and ecosystem development accelerating artificial intelligence, blockchain, decentralized finance, and stablecoin technologies, including the development and successful launch of a stablecoin platform and infrastructure.