09:24 AM EDT, 05/02/2025 (MT Newswires) -- BGM Group ( BGM ) said Friday that it has acquired HM Management, an AI agent platform, in an all-stock deal valued at 300 million renminbi ($41.7 million).

BGM said it would issue 16.7 million class A shares at $2.50 each to acquire full ownership of HM and its subsidiaries, Beijing Shuda Technology and New Media Star Technology.

The deal is slated to be completed in Q2, the company said.