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-0.014760147601476 -0.033210332103321 -0.088560885608856 -0.121771217712177 -0.0516605166051661 -0.0848708487084871 -0.088560885608856 -0.062730627306273
Stock impact report

JZXN Announces Talks with an AI Trading Firm for Cooperation; Plans to Acquire Approximately $1 Billion in Tokens at a 30% Discount, Which Would Generate Considerable Book Gains Upon Compl...

Jiuzi Holdings, Inc. - Ordinary Shares (JZXN) 
Company Research Source: Glob
discussions with a Web3 technology company specializing in the development of an artificial intelligence (AI) cryptocurrency trading platform (the "Counterparty"). According to the preliminary agreement, both parties plan to jointly develop and promote an AI-powered cryptocurrency diagnostics and trading platform to advance its market-oriented application. To facilitate this collaboration, JZXN intends to acquire tokens issued by the Counterparty at a significant discount through a private placement of its common stock, representing a total value of approximately US$1 billion. Based on current market valuations and assumptions, upon successful completion of the transaction, the Company expects to generate considerable unrealized gains. Furthermore, the Counterparty's tokens are expected to apply for listing and trading on Binance , a leading global cryptocurrency exchange, which could enhance the token 's market discovery capabilities and liquidity. However, there can be no assuranc Show less Read more
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