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Datasea ( (DTSS) ) has shared an announcement.
On April 2, 2026, Datasea Inc. held a special meeting of stockholders in Beijing, where investors voted on a proposed merger with its wholly owned British Virgin Islands subsidiary, Datasea Intelligent Technology Ltd. The Merger Proposal, which will see Datasea Inc. merge into DIT with DIT as the surviving entity, received overwhelming support with 6,535,347 votes in favor, 15,306 against and no abstentions.
Shareholders also approved a share exchange structure tied to the merger, under which the 2,000,000 common shares held by each of Zhixin Liu and Fu Liu will convert into an equal number of Class B ordinary shares of DIT, while all other common shares will convert into Class A ordinary shares on a one-for-one basis. The approval of these measures paves the way for a reorganization of the company’s corporate structure, potentially enhancing governance flexibility and differentiating control rights among key insiders and the broader shareholder base.
The most recent analyst rating on (DTSS) stock is a Hold with a $0.86 price target. To see the full list of analyst forecasts on Datasea stock, see the DTSS Stock Forecast page.
Spark’s Take on DTSS Stock
According to Spark, TipRanks’ AI Analyst, DTSS is a Neutral.
The score is held down primarily by weak profitability and recent revenue contraction, alongside bearish technical positioning (below major moving averages). Improved recent TTM cash flow and manageable current leverage provide some support, but valuation is constrained by losses and corporate-event risk is elevated due to the Nasdaq bid-price compliance notice.
To see Spark’s full report on DTSS stock, click here.
More about Datasea
Datasea Inc. is a U.S.-listed company that conducts its corporate affairs through entities in Beijing, China, and has established a holding structure that includes a British Virgin Islands subsidiary, Datasea Intelligent Technology Ltd. The company’s stockholder base includes significant individual shareholders, such as Zhixin Liu and Fu Liu, who hold substantial blocks of common shares.
Average Trading Volume: 75,125
Technical Sentiment Signal: Sell
Current Market Cap: $9.61M
For detailed information about DTSS stock, go to TipRanks’ Stock Analysis page.