Alset AI Announces Agreement to Sell 9.9% Interest in Lyken AI Computing to FingerMotion
FingerMotion agreed to acquire a 9.9% stake in Alset AI's subsidiary, Lyken AI Computing, issuing 1.67 million restricted shares valued at approximately $500,000. The transaction implies a $5 million valuation for Lyken and provides FingerMotion with strategic entry into the AI and cloud compute market via Lyken's existing ecosystem.
Key figures
- Deal Value Usd
- 500000
- Shares Offered
- 1674480
- Percent acquired
- 9.9%
- Target total shares
- 1000000
- Target shares acquired
- 99000
- Implied target valuation usd
- 5000000
AI analysis
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