BUUU Group Limited enters binding agreement to acquire majority stake in Brightray Science Inc. and completes $60 million private placements
BUUU Group Limited (Nasdaq: BUUU) has entered into a binding agreement to acquire 60% of Brightray Science Inc., a provider of fully integrated, prefabricated modular data center solutions. The acquisition will make Brightray a consolidated subsidiary and is expected to shift BUUU's headquarters to Singapore. The transaction includes newly issued Class A shares at $20 per share and convertible notes that may convert into up to 10 million BUUU shares. The deal aims to accelerate the deployment of industrialized AI data centers, with Brightray’s modular approach reducing typical build times from 18–36 months to six to nine months. This faster delivery is a response to growing demand for AI infrastructure, which is expected to nearly triple by 2030 and reach around 219 GW in capacity. BUUU also announced $60 million in private placements alongside the acquisition. The company plans to expand its project pipeline to approximately 2 gigawatts (GW), with a current operational site of 70 MW already active in Johor, Malaysia.
Tickers: $BUUU
Topics: acquisition capital raising relocation