BGM Group to acquire HM Management for $41.7M

BGM Group (BGM) announced it has entered into a definitive agreement to acquire HM Management Company a prominent AI agent production platform, in an all-stock transaction valued at approximately RMB300M or $41.7M. Under the Agreement, BGM will issue 16,663,427 Class A ordinary shares at $2.50 per share to acquire 100% ownership of HM Management and its two wholly-owned subsidiaries: Beijing Shuda Technology Company and New Media Star Technology. The transaction is expected to close in the Q2, subject to customary closing conditions. Shuda Technology is a high-tech company specializing in AI-driven enterprise efficiency solutions. By delivering integrated AI and data visualization solutions, it empowers businesses to conduct intelligent, end-to-end diagnostics and enhance decision-making across the entire innovation chain from research and development to commercialization, enabling rapid cost reduction, operational efficiency improvement, and business model innovation. New Media Star operates a fast-growing AI tools platform with over 150,000 followers, offering proprietary and third-party AI solutions for customer acquisition and private domain conversion.