Business
Baiya International Group Signs Definitive Agreement to Acquire Starfish, Marking the First Piece of Its Web3 Strategy
New York, Sept. 26, 2025 (GLOBE NEWSWIRE) -- Baiya International Group Inc. (“BIYA” or the “Company”) (Nasdaq: BIYA), a human resources technology company
About this update from Baiya International Group Inc.
[{"type":"text","content":"New York, Sept. 26, 2025 (GLOBE NEWSWIRE) -- Baiya International Group Inc. (“BIYA” or the “Company”) (Nasdaq: BIYA), a human resources technology company that leverages its cloud-based platform to provide one-stop crowdsourcing recruitment and SaaS-enabled HR solutions, today announced that on September 19, 2025, it entered into a Share Purchase Agreement (the “Agreement”) with Dubai-based STARFISH TECHNOLOGY-FZE (“Starfish”) and its shareholders. Pursuant to the Agreement, BIYA will acquire 100% of Starfish and its flagship platform, UpTop.Meme (“UpTop”) — a decentralized liquidity protocol built on BNB Chain, designed to provide on-chain liquidity services for crypto-native digital assets, tokenized U.S. equities, and digital bonds, with the strategic goal of becoming the world’s leading decentralized liquidity infrastructure. This acquisition represents the completion of the “first puzzle piece” in BIYA’s roadmap toward a comprehensive Web3 strategy. Under the terms of the Agreement, BIYA will issue 2,320,000 newly-issued Class A ordinary shares (“Baiya Shares”) in exchange for all of Starfish’s outstanding equity. The equity transfer process has already commenced and is expected to be completed in the fourth quarter of 2025, subject to customary closing conditions. BIYA and Starfish will continue to work closely together to facilitate the closing process. This transaction builds upon the strategic framework agreement announced by BIYA in July 2025, when the Company first outlined its intention to acquire UpTop as part of its accelerated digital transformation strategy. Following two months of due diligence and evaluation, UpTop met all of BIYA’s key operational and compliance standards, leading to the signing of the definitive agreement. In the meantime, UpTop has successfully launched on Binance Alpha, further underscoring the strategic value and potential synergies of this acquisition. Ms. Siyu Yang, Chief Executive Officer of BIYA, commented, “This Agreement marks a significant milestone in our strategic transformation and builds upon the framework agreement announced earlier this year. It demonstrates our unwavering commitment to fully entering the digital asset and fintech sectors and accelerating our journey into the Web3 era. The acquisition of UpTop not only consolidates the foundation we have built, but also brings...