TIAN RUIXIANG Holdings Ltd (TRX) is acquiring 100% of Ren Talents Inc., a US talent management and creative brand agency operating internationally, via a definitive stock-for-stock exchange agreement.
Transaction Details and Valuation: The initial consideration is valued at approximately $7.0 million, paid through the issuance of 3,211,010 TRX Class A Ordinary Shares. This issuance represents about 10.9% of outstanding Class A Shares and 2.1% of total voting power. The transaction is structured to qualify as a US Section 368 reorganization.
Performance Hurdles and Risk Mitigation: Al
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