Alpha Compute Corp. Provides GAMEE Acquisition Update; Closing Expected in May 2026 Pending Completion of GAMEE’s 2025 Financial Audit

Rhea-AI Summary

Alpha Compute (NASDAQ: ALP) updated its planned acquisition of a 60% controlling interest in GAMEE, confirming closing is now expected in May 2026 pending completion of GAMEE’s 2025 financial audit. The deal values GAMEE at a $18 million enterprise valuation with total consideration of up to $11 million, including a two‑year performance‑linked earn‑out. Alpha Compute reaffirmed a $1.00 per‑share equity reference price at closing and cited GAMEE Q1 2026 momentum: estimated revenue $926,000 (56% YoY) and strong Telegram engagement.

Positive

• 60% stake acquisition agreed for GAMEE, creating a controlling interest
• $18M enterprise valuation for GAMEE in the transaction
• GAMEE Q1 2026 revenue $926,000, up 56% year‑over‑year
• 119M registered users and >61M Telegram users on GAMEE
• Binding deployment agreements for over 1,000 Blackwell‑generation GPUs
• $43M AI infrastructure and financing partnership with Vertical Data

Negative

• Closing extended to May 2026 pending completion of GAMEE’s 2025 audit
• Total consideration is up to $11M and includes EBITDA‑contingent earn‑outs
• Equity component uses a fixed $1.00 per‑share reference price at closing

News Market Reaction – ALP

+18.47%

12 alerts

+18.47% News Effect

+8.5% Peak in 11 hr 40 min

+$794K Valuation Impact

$5.09M Market Cap

0.2x Rel. Volume

On the day this news was published, ALP gained 18.47%, reflecting a significant positive market reaction. Argus tracked a peak move of +8.5% during that session. Our momentum scanner triggered 12 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $794K to the company's valuation, bringing the market cap to $5.09M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Share reference price: $1.00 per share Stake in GAMEE: 60% controlling interest Acquisition consideration: Up to $11 million +5 more

8 metrics

Share reference price $1.00 per share Alpha Compute shares valued at closing for GAMEE acquisition consideration

Stake in GAMEE 60% controlling interest Equity stake to be acquired under Share Purchase Agreement

Acquisition consideration Up to $11 million Total consideration including performance-linked earn-out over two years

GAMEE enterprise value $18 million Enterprise valuation used for the 60% GAMEE acquisition

Q1 2026 revenue $926,000 Estimated GAMEE Q1 2026 revenue, 56% YoY growth vs $593,000

2025 revenue $3.54 million Estimated full year 2025 GAMEE revenue, 112% 3-year CAGR

Registered users Over 119 million Total registered users on GAMEE platform since founding

Gold Fest agreement $2 million Ecosystem milestone agreement with nGRND and Flashy

Market Reality Check

Price: $0.2168 Vol: Volume 14,675,105 is 0.18...

low vol

$0.2168 Last Close

Volume Volume 14,675,105 is 0.18x the 20-day average of 80,452,458, indicating subdued trading activity into this update. low

Technical Shares at $0.183 are below the $0.23 200-day MA and sit close to the 52-week low of $0.176 (52-week high $0.343).

Peers on Argus

No peer stocks with momentum data or same-day headlines are provided, so ALP’s -...

No peer stocks with momentum data or same-day headlines are provided, so ALP’s -20.43% move appears stock-specific rather than part of a broader Financial Services or Asset Management sector move.

Historical Context

1 past event · Latest: Apr 22 (Positive)

Pattern 1 events

Date	Event	Sentiment	Move	Catalyst
Apr 22	Debt financing	Positive	-13.1%	Binding $31.9M non-recourse loan facility to expand AI GPU infrastructure.

Pattern Detected

The last disclosed financing-related announcement coincided with a negative price reaction, and today’s positive-sounding acquisition update again aligns with a substantial selloff.

Recent Company History

Recent news for ALP centers on funding AI infrastructure and scaling its GPU capacity. On Apr 22, 2026, the company announced a binding term sheet for a $31.9 million non-recourse senior secured loan backed by Nvidia B300 GPUs, yet shares fell 13.11% over 24 hours. Today’s acquisition and growth update for GAMEE, alongside a set reference share price, comes against a backdrop of prior negative market reactions to seemingly strategic growth initiatives.

Market Pulse Summary

The stock surged +18.5% in the session following this news. A strong positive reaction aligns with t...

Analysis

The stock surged +18.5% in the session following this news. A strong positive reaction aligns with the article’s emphasis on GAMEE’s growth and strategic fit. The acquisition terms reference a $1.00 share value and an $18 million enterprise valuation, alongside Q1 2026 revenue of $926,000 and a 56% year-over-year increase. However, past news such as the $31.9 million loan facility drew selling pressure, so investors may watch how integration progress and future financing announcements influence longer-term sentiment.

Key Terms

gpu-as-a-service (gpuaas), ai confidential compute, enterprise valuation, ebitda, +4 more

8 terms

gpu-as-a-service (gpuaas) technical

"a pioneering technology leader in AI GPU-as-a-service (GPUaaS) and AI Confidential Compute"

GPU-as-a-service (GPUaaS) is a cloud offering that lets businesses rent high-performance graphics processors on demand instead of buying the expensive hardware outright, like hiring a powerful engine only when you need it. For investors, GPUaaS matters because it can lower companies’ up-front costs, speed product development for AI and data-heavy applications, create predictable subscription revenue for providers, and influence competitiveness in technology-driven markets.

ai confidential compute technical

"a pioneering technology leader in AI GPU-as-a-service (GPUaaS) and AI Confidential Compute"

AI confidential compute is a technology that lets artificial intelligence models process sensitive data inside a protected area of a computer so the raw data and the model remain hidden even from the system operator. For investors it matters because it reduces legal and reputational risk around data privacy, enables companies to use valuable proprietary or regulated datasets without sharing them, and can create a competitive edge and new revenue streams for secure AI services.

enterprise valuation financial

"The transaction values GAMEE at an $18 million enterprise valuation"

Enterprise valuation is an estimate of what an entire business is worth to a buyer, combining the value of its equity with obligations like debt while subtracting cash that would come with the company. Think of it as the full purchase price someone would pay for a house after accounting for the mortgage and any cash in the bank; investors use it to compare companies fairly, assess takeover prices, and judge whether a stock is cheap or expensive on an apples‑to‑apples basis.

ebitda financial

"incorporating EBITDA-contingent earn-outs designed to mitigate upfront consideration risk"

EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It measures a company's profitability by focusing on the money it makes from its core operations, ignoring expenses like taxes and accounting adjustments. Investors use EBITDA to compare how well different companies are performing financially, as it provides a clearer picture of operational success without the influence of financial structure or accounting choices.

earn-out financial

"structured to include a performance-linked earn-out over two years"

An earn-out is a deal feature in mergers and acquisitions where part of the purchase price is paid later only if the acquired business meets specific future targets, such as revenue or profit goals. It matters to investors because it shares risk between buyer and seller—similar to paying for a used car only if it reaches promised mileage—affecting projected cash flows, valuation assumptions, and the likelihood of future payouts.

monthly active users (maus) technical

"Active Users: 1.7 million Monthly Active Users (MAUs) and 150,000 Daily Active Users"

Monthly active users (MAUs) is the count of unique people who use a service at least once during a given month, like tallying distinct shoppers who visit a store over 30 days. Investors watch MAUs because they show how many real people regularly engage with a product, acting as a simple sign of audience size, growth momentum and potential revenue — similar to foot traffic predicting sales at a shop.

daily active users (daus) technical

"1.7 million Monthly Active Users (MAUs) and 150,000 Daily Active Users (DAUs)"

Daily active users (DAUs) is the count of unique people who use or interact with a digital product on a given day, typically measured by actions like a login, session, or specified engagement. For investors, DAUs act like daily foot traffic for a store: higher or rising DAUs suggest strong demand, engagement and monetization potential, while falling DAUs can warn of weakening customer interest or future revenue pressure.

trusted execution environments (tees) technical

"runs NVIDIA Blackwell B200 and B300 GPU clusters inside Trusted Execution Environments (TEEs)"

Trusted execution environments (TEEs) are isolated, secure areas inside a computer chip that run code and store data separately from the main system, like a locked safe within a building where only approved processes can enter. For investors, TEEs matter because they reduce the risk of data breaches and fraud, enable services that require strong privacy (payments, confidential computing), and can make a product or platform more trustworthy and legally compliant, which can protect revenue and reputation.

AI-generated analysis. Not financial advice.

Alpha Compute shares will be valued at $1.00 per share at the time of closing, establishing a clear reference price for the equity component of the transaction consideration.

ROAD TOWN, British Virgin Islands, April 24, 2026 (GLOBE NEWSWIRE) -- Alpha Compute Corp. (NASDAQ: ALP), formerly AlphaTON Capital Corp., a pioneering technology leader in AI GPU-as-a-service (GPUaaS) and AI Confidential Compute, today provided an update on its previously announced acquisition of a 60% controlling interest in GAMEE, a leading mobile gaming platform and wholly owned subsidiary of Animoca Brands. The Company confirms that closing of the transaction is now expected in May 2026, following the completion of GAMEE’s 2025 annual financial audit, which is required as a condition to close.

Transaction Background

On September 30, 2025, AlphaTON Capital Corp. and Animoca Brands announced a non-binding letter of intent proposing equity and token investments, including the potential acquisition by AlphaTON Capital of a controlling interest in GAMEE. The announcement marked an important strategic milestone, with Animoca Brands co-founder and Executive Chairman Yat Siu noting at the time that the deal, if completed, “would not only make GAMEE the first Nasdaq-listed Web3 gaming company with gaming assets listed on a major exchange, but also demonstrate how the Telegram ecosystem can support large-scale gaming businesses.”

On March 19, 2026, AlphaTON Capital Corp. entered into a definitive Share Purchase Agreement to acquire a 60% controlling interest in GAMEE for total consideration of up to $11 million, structured to include a performance-linked earn-out over two years. The transaction values GAMEE at an $18 million enterprise valuation, incorporating EBITDA-contingent earn-outs designed to mitigate upfront consideration risk. Concurrent with signing, AlphaTON and Animoca Brands formalized a Strategic Alliance to identify and develop commercial opportunities across blockchain and social gaming.

GAMEE was founded in 2015 and became a wholly owned subsidiary of Animoca Brands in 2020. The platform stands at the intersection of Web2 and Web3 gaming, boasting over 119 million registered users, more than 10 billion lifetime gameplay sessions, and a particularly strong foothold within the Telegram ecosystem, where it serves over 61 million users. Martin Zakovec will continue as CEO of GAMEE, Miroslav Chmelka as Co-Founder and CTO, and founder Bozena Rezab will assume a strategic role as Head of Alpha Compute Gaming upon closing.

Closing Update: May 2026 Target

Alpha Compute confirms that the completion of the GAMEE acquisition, originally targeted for April 2026, has been extended to May 2026. The revised timeline reflects the time required to finalize GAMEE’s 2025 annual financial audit, a customary closing condition under the terms of the Share Purchase Agreement. The Company does not anticipate any material impediments to closing and expects all remaining conditions to be satisfied in the ordinary course.

Importantly, Alpha Compute shares will be valued at $1.00 per share at the time of closing, establishing a clear reference price for the equity component of the transaction consideration.

“We are on the doorstep of closing this transformative deal and are fully committed to completing it in May,” said Brittany Kaiser, CEO of Alpha Compute. “The short extension reflects the completion of GAMEE’s 2025 financial audit—a routine but necessary step—and does not change our conviction in this acquisition or the immense value GAMEE brings to the Alpha Compute ecosystem. We are building the definitive AI and gaming infrastructure platform for the Telegram generation, and GAMEE is central to that vision.”

GAMEE Q1 2026 Performance: Continued Momentum

Alpha Compute’s confidence in the GAMEE acquisition is strongly supported by GAMEE’s recent operational and financial performance. On April 9, 2026, the Company released GAMEE’s unaudited Q1 2026 performance update, which demonstrated the platform’s accelerating growth within the Telegram ecosystem:

• Revenue: Estimated $926,000 in Q1 2026, representing 56% Year-over-Year growth versus $593,000 in Q1 2025.
• Full Year 2025 Revenue: Estimated $3.54 million total, representing a three-year compound annual growth rate of 112%.
• User Engagement: Over 5.57 million users and 88.5 million gameplays in Q1 2026 alone.
• Active Users: 1.7 million Monthly Active Users (MAUs) and 150,000 Daily Active Users (DAUs) across all platforms.
• Telegram Ranking: Gamee / Azuki collaboration reached the Top 200 Mini Apps on Telegram and #1 Arcade Game on PlayToEarn.
• Gold Fest Initiative: GAMEE secured a $2 million ecosystem milestone agreement with nGRND and Flashy, representing one of the largest gamified distributions of real-world assets in the Telegram ecosystem.

“The Q1 results confirm our thesis that the Telegram ecosystem is the premier frontier for gaming growth,” said Kaiser. “The success of the Gold Fest deal and the scaling of our agentic layer demonstrates Alpha Compute’s contributions to GAMEE, pushing it to the forefront of how value and AI interact on Telegram. Martin and the GAMEE team continue to set the benchmark for what is possible in this space.”

Alpha Compute: A New Name, An Accelerated Mission

The Company also notes that on April 20, 2026, it completed its corporate rebrand from AlphaTON Capital Corp. to Alpha Compute Corp., with shares now trading on the Nasdaq Capital Market under the ticker symbol “ALP.” The new name reflects the Company’s accelerating strategic pivot toward AI GPU-as-a-service and confidential computing, with GAMEE serving as the flagship consumer application within that ecosystem.

Alpha Compute runs NVIDIA Blackwell B200 and B300 GPU clusters inside Trusted Execution Environments (TEEs), with binding deployment agreements for over 1,000 Blackwell-generation GPUs and a $43 million AI infrastructure and financing partnership with Vertical Data. The Company serves as a core infrastructure provider to Telegram’s Cocoon AI confidential computing network, which is available to over one billion Telegram users. Upon closing, GAMEE will leverage Alpha Compute’s compute infrastructure to power AI-driven and agent-centric gameplay experiences.

GAMEE CEO Martin Zakovec Comments

“We are incredibly excited to be completing this acquisition and officially joining the Alpha Compute family,” said Martin Zakovec, CEO of GAMEE. “The short timing adjustment to May is entirely routine—it reflects finalizing our 2025 audit to the standard required for a Nasdaq-listed transaction—and we expect to close smoothly and on schedule. What matters most is the shared vision we have built with the Alpha Compute team. With access to their AI compute infrastructure, our game platform will be able to deliver experiences that have never been possible before. The Q1 numbers speak for themselves: our community is growing, our revenue is accelerating, and our position in the Telegram ecosystem has never been stronger. We are eager to close and enter the next chapter of GAMEE’s story as part of Alpha Compute.”

About Alpha Compute Corp.

Alpha Compute Corp. (NASDAQ: ALP), formerly AlphaTON Capital Corp. (NASDAQ: ATON), is a technology leader in AI GPU-as-a-service (GPUaaS) and AI Confidential Compute. Alpha Compute builds and operates businesses at the intersection of confidential compute, artificial intelligence, and digital assets. The Company’s GPU assets deliver privacy-preserving computation to partners and applications including Telegram, Animoca Brands, and Midnight Network. Alpha Compute is incorporated in the British Virgin Islands.

About GAMEE

GAMEE was founded in 2015 and has been a wholly owned subsidiary of Animoca Brands since 2020. GAMEE is a high-engagement mobile gaming platform focused on onboarding a mass gaming audience to Web3. It has over 119 million registered users and has served over 10 billion gameplay sessions across multiple ecosystems. GAMEE’s WATCoin airdrop collectively onboarded 4 million user wallets into the TON ecosystem, and the Company has partnered with over 40 major Web3 communities including Mocaverse, TON, Notcoin, The Sandbox, and Cool Cats.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. These statements involve known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied. Forward-looking statements include, but are not limited to, statements regarding the expected timing of closing of the GAMEE acquisition, the valuation of Alpha Compute shares at closing, anticipated synergies, revenue growth, and strategic plans. The Company undertakes no obligation to update these forward-looking statements except as required by law.

All statements in this press release, other than statements of historical facts, including without limitation, statements regarding the Company’s business strategy, plans and objectives of management for future operations and those statements preceded by, followed by or that otherwise include the words “believe,” “expects,” “anticipates,” “intends,” “estimates,” “will,” “may,” “plans,” “potential,” “continues,” or similar expressions or variations on such expressions are forward-looking statements. Forward-looking statements include statements concerning, among other things, the Company’s projections for its AI infrastructure expansion deployment; the Company’s expectations that its partnerships will create additional revenue streams and vertically integrate into the Company’s Confidential Compute AI Infrastructure; the Company’s belief that the assets it is building will drive significant long-term value; and other statements that are not historical fact. As a result, forward-looking statements are subject to certain risks and uncertainties, including, but not limited to: the timing, progress and results of the Company’s strategic initiatives, the Company’s reliance on third parties, the risk that the Company may not secure additional financing or TON, the uncertainty of the Company’s investment in TON, the uncertainty around the Company’s legacy business, the operational strategy of the Company, the Company’s executive management team, risks from Telegram’s platform and ecosystem, the potential impact of markets and other general economic conditions, and other factors set forth in “Item 3 – Key Information-Risk Factors” in the Company’s Annual Report on Form 20-F for the year ended March 31, 2025 and included in the Company’s Form 6-Ks filed with the Securities and Exchange Commission on September 3, 2025 and January 13, 2026. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from these forward-looking statements. The forward-looking statements contained in this press release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.

Investor & Media Contact

Alpha Compute Corp.
ir@alphacompute.com
www.alphacompute.com

ir(at)alphacompute.com

FAQ

When will Alpha Compute (ALP) complete the GAMEE acquisition and why was the timeline changed?

Closing is expected in May 2026, delayed from April to complete GAMEE’s 2025 financial audit. According to the company, the audit is a customary closing condition and the extension is routine to satisfy contract requirements.

How much is Alpha Compute (ALP) paying for the 60% stake in GAMEE and how is the price structured?

Alpha Compute agreed up to $11 million in total consideration for 60% of GAMEE, including a two‑year performance‑linked earn‑out. According to the company, the structure includes EBITDA‑contingent payments to mitigate upfront risk.

What are GAMEE’s recent operational results that Alpha Compute (ALP) highlighted?

GAMEE reported estimated Q1 2026 revenue of $926,000 (56% YoY) with 1.7 million MAUs and strong Telegram engagement. According to the company, Q1 metrics support the strategic rationale for the acquisition.

What does the $1.00 per‑share reference price mean for ALP shareholders at closing?

Alpha Compute set a $1.00 per‑share reference price to value the equity component at closing. According to the company, this establishes a clear reference point for how shares factor into the transaction consideration.