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Plutus Financial Group Limited ( (PLUT) ) has provided an announcement.
Plutus Financial Group Limited has been pursuing an acquisition of Choco Up Group Holdings Limited under a merger agreement originally signed on July 9, 2025, with a prior amendment on December 30, 2025, and Coders Merger Sub Limited joined as a merger subsidiary in August 2025. The deal structure calls for Plutus to acquire all outstanding equity interests of Choco Up in exchange for newly issued Class A and Class B ordinary shares, contingent on closing conditions including Nasdaq approval.
On March 31, 2026, the parties executed a second amendment to the merger agreement extending the transaction’s outside termination date from March 31, 2026 to June 30, 2026. The extension underscores both sides’ continuing commitment to completing the deal while they work to satisfy or potentially waive remaining conditions, with added provisions requiring good faith discussions on alternative solutions before any party can terminate if only specific regulatory conditions remain unmet at the new deadline.
More about Plutus Financial Group Limited
Plutus Financial Group Limited is a Cayman Islands–incorporated company with principal executive offices in Hong Kong. The company is listed on Nasdaq and operates as a foreign private issuer under the U.S. securities regulatory framework, using equity issuance as a tool for strategic transactions.
Average Trading Volume: 9,212
Technical Sentiment Signal: Strong Sell
Current Market Cap: $43.75M
See more insights into PLUT stock on TipRanks’ Stock Analysis page.