M&A: Global AI, Inc.

Form Type: 8-K

Filing Date: 2025-01-07

Corporate Action: Acquisition

Type: New

Accession Number: 000149315225001227

Comments: On December 31, 2024, Global AI, Inc. entered into a Share Purchase Agreement with Tectu Biz Ltd. and its shareholders to acquire the entire share capital of Tectu Biz Ltd. for a total consideration of $1,000,000, consisting of $490,000 in cash and $510,000 in cash or shares of Global AI, Inc. Each share of the company being acquired is valued at 0.01 New Israel Shekels. Following the transaction, Global AI, Inc. will own 100% of Tectu Biz Ltd. The share purchase is contingent upon the delivery of audited financial statements from a PCAOB qualified auditor. Additionally, Global AI, Inc. plans to enter into employment agreements and option agreements as part of this transaction. A press release announcing the signing of the agreement was issued on January 7, 2025, by Global AI, Inc.

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