Interactive Brokers shares jump as it secures spot in S&P 500
HONG KONG - FiEE, Inc. (NASDAQ:MINM), a technology company with a market capitalization of $13 million, has acquired intellectual property and fixed assets from Suzhou Yixuntong Network Technology Co., Ltd. for $1.4 million, according to a press release issued Wednesday. According to InvestingPro analysis, the company currently appears overvalued at its current trading price of $2.67.
The transaction, which closed on June 30, includes product authentication technologies, file transfer systems, and blockchain-powered KYC solutions. The acquisition encompasses over twenty software copyrights and three core patents.
The acquired assets feature algorithmic verification capabilities and high-efficiency file transfer systems designed for large-capacity video uploads. These technologies are expected to enhance FiEE’s service offerings across enterprise and consumer markets.
"By integrating Yixuntong’s cutting-edge authentication, file transfer, and KYC technologies, we believe we are enhancing our platform’s capabilities while creating new revenue streams," said Rafael Li, Chief Executive Officer of FiEE.
Since signing the non-binding letter of intent on March 25 through May 31, the company reports securing 85 sales contracts via SaaS platform integration with its subsidiary FiEE HK and its Managed Creator Network business launch, generating contract values exceeding $400,000. The company’s stock has shown remarkable momentum, posting a 1,004% return over the past six months. InvestingPro subscribers can access 10 additional key insights about MINM’s performance and outlook.
FiEE, formerly known as Minim, Inc., was founded in 1977 as a WiFi/Software as a Service platform provider. The company rebranded in 2025 and now describes itself as a technology company integrating IoT, connectivity, and AI for brand management solutions.
The company’s current service offerings include Cloud-Managed Connectivity Platform, IoT Hardware Sales & Licensing, SaaS Solutions, and Professional Services & Support for both business and consumer applications.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.