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Baiya International Group Inc. (NASDAQ:BYIA) has entered into a definitive agreement to acquire Starfish Technology-FZE, a software development company based in the United Arab Emirates. The agreement was signed on September 19, according to a statement released Friday based on a filing with the Securities and Exchange Commission.
Under the terms of the stock purchase agreement, Baiya International Group will acquire 100% of the equity interests in Starfish Technology-FZE. The purchase price will be paid by issuing 2,320,000 new Class A ordinary shares of Baiya International Group. The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions.
The agreement was reached between Baiya International Group, Starfish Technology-FZE, and all holders of Starfish’s outstanding capital shares. Details of the agreement were included as an exhibit to the SEC filing.
Baiya International Group is an employment services company headquartered in New York. Starfish Technology-FZE operates as a software development business in the United Arab Emirates.
The information in this article is based on a press release statement included in Baiya International Group’s SEC filing.
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