Baijiayun Group Ltd (NasdaqCM:RTC) entered into a share purchase agreement to acquire the remaining 49% of Beijing Deran Technology Co., Ltd from certain shareholders for CNY 10.6 million on March 4, 2023. As reported, Baijiayun Group will acquire the remaining 49% stake in Beijing Deran Technology Co. by issuing a certain number of Class A ordinary shares with a monetary value equal to CNY 6.3 million to such shareholders as part of the consideration, in addition to a cash consideration of CNY 3.5 million.