Armlogi Holding (BTOC) on Thursday said it signed a non-binding letter of intent to acquire Leopard Transnational, a California-based logistics provider.
The proposed acquisition includes Armlogi common stock and potential earn-out payments tied to performance targets.
Armlogi said both sides expect to finalize a definitive agreement within 60 to 90 days.
Shares of Armlogi were down nearly 1% in after-hours trading.
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