Adapti, Inc. (OTC: ADTI) Announces Contract Extension of MLB Pitcher Seth Lugo Facilitated by Ballengee Group

Rhea-AI Summary

Adapti (OTC:ADTI) announced that its recently acquired sports agency, The Ballengee Group, has successfully negotiated a contract extension for Kansas City Royals pitcher Seth Lugo. The deal is valued at $40 million for two years, with an additional third-year player option worth up to $20 million.

The contract extension represents a significant achievement for Ballengee Group, which was acquired by Adapti in July 2025. The agency specializes in representing professional baseball athletes and is known for its client-focused approach and expertise in contract negotiations.

Positive

• Successful negotiation of a $40M contract extension demonstrates Ballengee Group's deal-making capabilities
• Recent acquisition of Ballengee Group showing immediate results through high-value contract

Negative

• Heavy dependence on individual contract negotiations and athlete relationships for revenue generation

LAS VEGAS, NV / ACCESS Newswire / August 1, 2025 / Adapti, Inc. (OTC:ADTI) announced today that its newly acquired baseball agency, The Ballengee Group, successfully facilitated a multi-year contract extension for Kansas City Royals starting pitcher Seth Lugo.

Lugo, who has been one of the American League's most consistent pitchers in 2025, signed a two-year extension worth $40 million, with a third-year player option of up to $20 million. The contract extension marks another significant milestone for Ballengee Group, reinforcing the agency's long-standing reputation for advocating top-tier talent and securing strong high value deals for its clients.

"Seth Lugo's extension with Kansas City is a testament to the leadership and experience of the Ballengee team, and to Seth's agent, Scott Barber," said Adam Nicosia, CEO of Adapti. "Ballengee's boots-on-ground approach and deep relationships across the league consistently delivers results that reflect the best interest of its athletes."

The Ballengee Group, acquired by Adapti in July 2025, is a full-service sports agency representing professional baseball athletes. The agency is committed to client service, expert contract negotiations, and has a track record of advocating for high-character, high-performance players.

About Adapti, Inc. (OTC: ADTI)

Adapti, Inc. leverages advanced AI technology to match products and brands with optimal influencers, using proprietary data analytics to drive superior marketing results. Adapti aims to build a global platform where data is an asset, efficiently paired with high-impact influencers.

In July 2025, Adapti acquired the Ballengee Group, a full-service sports agency representing Major League Baseball athletes. The Ballengee Group assists its clients with contract negotiations, marketing deals, public relations, and strategic partnerships. The Ballengee Group has guided world champions and global icons throughout their careers.

Adapti plans to roll out a suite of integrated services that blend traditional contract negotiation and endorsement deals with dynamic social media campaigns, which we anticipate will be powered by AdaptAI's proprietary "data fingerprint" technology that the company is developing. This technology will utilize Large Language Models to quickly optimize and adapt to changes in the ever-evolving marketing landscape. This holistic approach is being designed to maximize engagement, drive higher ROI for brand partners, and ensure athletes capture every opportunity to grow their platforms.

For more information, please visit our website: http://adapti.io. The information contained on our website is not incorporated by reference into this press release, and we disclaim any liability for such information.

Forward-Looking Statements

This communication contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Adapti, Inc. generally identify forward-looking statements by terminology such as "may," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these terms or other similar words. These statements are only predictions. Adapti based these forward-looking statements largely on their then-current expectations and projections about future events and financial trends as well as the beliefs and assumptions of management. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Adapti's control. Adapti's actual results (including those of Ballengee post-acquisition) could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to: (i) the ability to integrate the business operations of Ballengee with that of Adapti, (ii) the ability of Adapti to timely make the necessary filings with the SEC related to the acquisition of Ballengee, and (iii) those risks detailed in Adapti's reports filed with the SEC, as well as other documents that may be filed by Adapti from time to time with the SEC. Accordingly, you should not rely upon forward-looking statements as predictions of future events. Additional risks and uncertainties can be found in the Company's recent annual and quarterly reports, filed with the SEC or other filings that are filed with the SEC thereafter. Adapti cannot assure you that the events and circumstances reflected in the forward-looking statements will be achieved or occur, and actual results could differ materially from those projected in the forward-looking statements. The forward-looking statements made in this communication relate only to events as of the date on which the statements are made. Except as required by applicable law or regulation, Adapti undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events.

Investors Contact:

Phone: 214-301-3745
Email: investorrelations@adapti.io

SOURCE: Adapti, Inc.

View the original press release on ACCESS Newswire

FAQ

What is the value of Seth Lugo's contract extension negotiated by Adapti's Ballengee Group?

The contract extension is worth $40 million for two years, with an additional third-year player option worth up to $20 million.

When did Adapti acquire The Ballengee Group?

Adapti acquired The Ballengee Group in July 2025.

What type of agency is The Ballengee Group?

The Ballengee Group is a full-service sports agency specializing in representing professional baseball athletes.

How does this contract extension impact Adapti (ADTI stock)?

The successful negotiation demonstrates the Ballengee Group's ability to secure high-value deals, validating Adapti's recent acquisition and potentially contributing to future revenue through agency fees.