Interactive Brokers shares jump as it secures spot in S&P 500
FiEE, Inc. (NASDAQ:MINM) announced Monday that it has amended its letter of intent with the owners of Suzhou Yixuntong Network Technology Co., Ltd. to extend the deadline for completing a potential acquisition. The amendment moves the target completion date to March 25, 2026.
According to a statement released through a U.S. Securities and Exchange Commission filing, the amended letter of intent also outlines terms for the transfer of certain fixed assets and intellectual property from Suzhou Yixuntong to FiEE. The company’s board of directors has approved these terms, which are expected to be detailed in a future definitive agreement.
FiEE, formerly known as Minim, Inc., first disclosed the potential transaction in a previous filing on March 25, 2025. The company is seeking to acquire 100% of the equity interests of Suzhou Yixuntong from sellers Hongyan Sun and Lin Lin.
FiEE stated that additional details will be provided if and when a definitive agreement is executed. The company noted that there is no assurance that the transaction will be completed as currently contemplated, or at all. Any final agreement will be subject to board and stockholder approval, as well as regulatory and other customary conditions.
FiEE’s common stock is listed on the Nasdaq Capital Market under the symbol MINM. The information is based on a press release statement included in the company’s SEC filing.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.