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Maase Inc. (NASDAQ:MAAS) announced Friday that it has entered into a transaction agreement to acquire Real Prospect Limited, according to a statement based on a recent SEC filing. The agreement was executed with the current shareholders of Real Prospect Limited, Ace Long Limited and Arts Wing Limited, who collectively hold all equity in the target company.
Under the terms of the agreement, Maase will acquire 100% of Real Prospect Limited’s equity by issuing 98,002,174 Class A ordinary shares, each with a par value of $0.09, at a price of $1.5 per share. The total consideration will be paid in shares rather than cash. The transaction is expected to close in the third quarter of 2025, subject to customary conditions.
As part of the agreement, the sellers are required to complete a restructuring process. After this restructuring and before closing, a newly established wholly foreign-owned enterprise (WFOE) incorporated in China will become a wholly owned subsidiary of Real Prospect Limited. Additionally, Qingdao Youdian New Energy Technology Co., Ltd. will become a wholly owned subsidiary, and Qingdao Huiju Lai Xi Intelligent Technology Co., Ltd. will be 49%-owned by the WFOE, resulting in Real Prospect Limited indirectly holding a 49% stake in this company.
The agreement includes performance conditions for the sellers. If these conditions are not met by the end of each financial year from 2026 through 2028, the sellers must return a certain number of consideration shares to Maase. The consideration shares will be subject to a three-year lock-up period.
Upon closing, the sellers will collectively own approximately 79.1% of Maase’s issued and outstanding shares, representing about 12.5% of the company’s total voting power.
Real Prospect Limited and its subsidiaries are involved in smart-technology solutions such as mobile electric vehicle charging robots, modular residential energy-storage systems, and automated unmanned car-wash equipment.
The board of directors of Maase approved the transaction. This article is based on a press release statement included in the company’s SEC filing.
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