BUUU Group Limited Signs Definitive Agreement to Acquire Majority Stake in Brightray Science Inc. and Over US$60 Million of Private Placements, Making Industrialized AI Data Center Delivery Its Core G
BUUU Group (Nasdaq: BUUU) agreed to acquire 60% of Brightray Science, a modular data center provider, for shares and a convertible note. The deal values shares at $20 each, with a call option for the remaining stake. BUUU will relocate to Singapore and raise over $60M via private placements. Brightray's solutions aim to reduce data center build times to 6-9 months, addressing industry delays. The transaction is subject to closing conditions and regulatory approvals.