SecureTech Acquires Exclusive License to QSTAK Blockchain and Post-Quantum Technology
SecureTech completed a set of strategic transactions with QSTAK Holding: a perpetual exclusive worldwide license to the QSTAKCHAIN blockchain and post-quantum technologies, a 57%-owned QSTAK Market joint venture under its Piranha Blockchain subsidiary, and a net 15% stake in QSTAK. The license consideration carries an aggregate stated value of up to $22 million and the QSTAK stake cost $4.5 million — all payable in newly designated Series A and Series B Preferred Stock, none in cash. The Series B is non-convertible into common and earned in four tranches tied to the exchange launch and $7.5M/$15.0M revenue milestones.
Key figures
- Deal Value Usd
- $22 million (license consideration, in Series B Preferred Stock) plus $4.5 million (15% QSTAK stake, in Series A Preferred Stock)
- Qstak stake pct
- net 15%
- Qstak stake price
- $4.5 million
- Series b tranches
- ["$6.0M at closing","$3.0M at QSTAK Exchange launch","$6.5M at $7.5M trailing-12-month gross revenue","$6.5M at $15.0M trailing-12-month gross revenue"]
- License consideration stated value
- $22 million
AI analysis
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