Alset AI Announces Strategic $3 Million Unsecured Term Loan Facility to Advance Flagship Cloud Compute Business Towards Positive Operating Income in 2026
Alset AI (OTC:GPUSF) entered an unsecured term loan agreement of up to $3,000,000 with insider Randy Gilling to fund its flagship cloud compute business, Lyken.AI, and working capital.
The Loan is available in four advances: $500,000 on signing, $500,000 on October 31, 2025, $1,000,000 on December 31, 2025, and $1,000,000 at management discretion. Interest is 6% per annum, payable quarterly, with a 3-year maturity. Subject to TSXV approval, the company will issue non-transferable warrants for each Advance exercisable at $0.15 until maturity. The Lender receives a Board observer right that ends upon loan repayment. Alset expects Lyken.AI to reach positive operating income by end of 2026.
Alset AI (OTC:GPUSF) ha stipulato un accordo di prestito a termine non garantito di up to 3.000.000 di dollari con l'insider Randy Gilling per finanziare la sua attività di cloud computing di punta, Lyken.AI, e il capitale circolante.
Il Prestito è disponibile in quattro avanzamenti: $500,000 al momento della firma, $500,000 il 31 ottobre 2025, $1,000,000 il 31 dicembre 2025 e $1,000,000 a discrezione della direzione. Gli interessi sono 6% all'anno, pagabili trimestralmente, con una scadenza di 3 anni. Ferme restando l'approvazione della TSXV, la società emetterà warrant non trasferibili per ogni advance esercitabili a $0.15 fino alla scadenza. Il prestatore ottiene un diritto di osservatore del Consiglio che termina al rimborso del prestito. Alset si aspetta che Lyken.AI raggiunga un reddito operativo positivo entro la fine del 2026.
Alset AI (OTC:GPUSF) ha firmado un convenio de préstamo a plazo no garantizado por hasta $3,000,000 de dólares con el insider Randy Gilling para financiar su negocio insignia de computación en la nube, Lyken.AI, y el capital de trabajo.
El préstamo está disponible en cuatro avances: $500,000 al firmar, $500,000 el 31 de octubre de 2025, $1,000,000 el 31 de diciembre de 2025 y $1,000,000 a discreción de la dirección. Los intereses son 6% anual, pagaderos trimestralmente, con una madurez de 3 años. Sujeto a la aprobación de TSXV, la empresa emitirá warrants no transferibles para cada avance, exercitables a $0.15 hasta la madurez. El prestamista recibe un derecho de observador del Consejo que termina al reembolso del préstamo. Alset espera que Lyken.AI alcance ingresos operativos positivos para finales de 2026.
Alset AI (OTC:GPUSF)가 내부자 Randy Gilling과 최대 $3,000,000 달러의 무담보 만기 대출 계약을 체결하여 자사의 대표 클라우드 컴퓨트 사업인 Lyken.AI와 운전자본을 조달합니다.
대출은 네 차례의 분할로 제공됩니다: 체签 시점에 $500,000, 2025년 10월 31일에 $500,000, 2025년 12월 31일에 $1,000,000, 그리고 경영진의 재량에 따른 $1,000,000. 이자율은 연 6%로 분기별 지급되며 3년 만기입니다. TSXV 승인에 따라 회사는 각 advance에 대해 비양도 워런트를 발행하며 만기까지 $0.15에 행사 가능합니다. 대주는 이사회 옵저버 권리를 얻으며 대출 상환 시 종료됩니다. Alset는 Lyken.AI가 2026년 말까지 양의 영업이익을 달성할 것으로 예상합니다.
Alset AI (OTC:GPUSF) a conclu un accord de prêt à terme non garanti d'un montant allant jusqu'à $3,000,000 USD avec l'individu de l'intérieur Randy Gilling pour financer son activité phare de cloud computing, Lyken.AI, et le fonds de roulement.
Le prêt est disponible en quatre avances : $500,000 lors de la signature, $500,000 le 31 octobre 2025, $1,000,000 le 31 décembre 2025 et $1,000,000 à la discrétion de la direction. Les intérêts sont 6% par an, payable trimestriellement, avec une échéance de 3 ans. Sous réserve de l’approbation de TSXV, la société émettra des warrants non transférables pour chaque avance, exercables à $0,15 jusqu’à l’échéance. Le prêteur reçoit un droit d’observateur du conseil qui prend fin lors du remboursement du prêt. Alset prévoit que Lyken.AI atteindra un revenu opérationnel positif d’ici à la fin de 2026.
Alset AI (OTC:GPUSF) hat eine ungesicherte Term Loan-Vereinbarung über bis zu $3,000,000 USD mit dem Insider Randy Gilling getroffen, um sein führendes Cloud-Computing-Geschäft Lyken.AI sowie das Betriebskapital zu finanzieren.
Der Kredit ist in vier Auszahlungen erhältlich: $500,000 bei Unterzeichnung, $500,000 am 31. Oktober 2025, $1,000,000 am 31. Dezember 2025 und $1,000,000 nach Ermessen des Managements. Die Zinsen betragen 6% pro Jahr, quartalsweise zahlbar, mit einer Laufzeit von 3 Jahren. Vorbehaltlich der Genehmigung durch TSXV wird das Unternehmen für jede Auszahlung nicht übertragbare Warrants ausstellen, die bis zur Fälligkeit zu $0,15 ausgeübt werden können. Der Kreditgeber erhält ein Beobachterrecht des Vorstands, das mit der Rückzahlung des Kredits endet. Alset erwartet, dass Lyken.AI bis Ende 2026 positive Betriebserträge erzielt.
Alset AI (OTC:GPUSF) وقعت اتفاقية قرض لأجل غير مضمونة حتى $3,000,000 دولار مع الشخص المطلع Randy Gilling لتمويل أعمالها الأساسية في الحوسبة السحابية Lyken.AI ورأس المال العامل.
الاقتراض متاح في أربع دفعات: $500,000 عند التوقيع، $500,000 في 31 أكتوبر 2025، $1,000,000 في 31 ديسمبر 2025، و$1,000,000 وفقاً لتقدير الإدارة. الفوائد هي 6% سنوياً، تدفع ربع سنوياً، مع مدة ثلاث سنوات. رهناً بموافقة TSXV، ستصدر الشركة -لكل دفعة- وارنته غير قابل للنقل قابلة للتنفيذ عند $0.15 حتى تاريخ الاستحقاق. يحصل المقرض على حق مراقب للمجلس ينتهي عند سداد القرض. تتوقع Alset أن تصل Lyken.AI إلى دخل تشغيلي إيجابي بحلول نهاية 2026.
Alset AI（OTC:GPUSF） 与知情人士 Randy Gilling 签订了一项最高金额为 $3,000,000 美元的无担保定期贷款协议，用于资助其旗舰云计算业务 Lyken.AI 以及营运资金。
贷款分四次发放：签约时 $500,000、2025年10月31日 $500,000、2025年12月31日 $1,000,000，以及由管理层自行决定的 $1,000,000。利率为6%/年，季度支付，期限为3年。在获得 TSXV 批准的前提下，公司将为每次发放发行不可转让的认股权证，行权价为 $0.15，直至到期。放款方获得董事会观察权，直至贷款偿付为止。Alset 预计 Lyken.AI 将在 2026 年底实现正向经营利润。
- Up to $3,000,000 committed financing for Lyken.AI
- Funding schedule includes $1.0M planned by Dec 31, 2025
- Fixed 6% annual interest rate, payable quarterly
- Lender is an insider owning >10%—a related party transaction
- Transaction subject to TSXV approval before closing
- Warrants exercisable at $0.15 could dilute shareholders if exercised
- Lender granted a Board observer right until loan repayment
Strategic Financing Enhances Balance Sheet and Supports Revenue Growth Initiatives for Lyken.AI
VANCOUVER, BC, BC / ACCESS Newswire / October 17, 2025 / Alset AI Ventures Inc. (TSXV:GPUS)(OTC:GPUSF)(FSE:1R60, WKN:A40M0J) ("Alset AI" or the "Company") an artificial intelligence ("AI") venture company advancing innovation through strategic investment and cloud computing solutions, is pleased to announce that it is entering into an unsecured, non-revolving term loan agreement (the "Loan Agreement") with Mr. Randy Gilling (the "Lender"), in the principal amount of up to
The Loan is being entered into to support the growth of its flagship cloud compute business, Lyken.AI. The Loan is expected to be used for working capital and general corporate purposes in order to provide the Company with additional financial capabilities as it continues to advance its AI infrastructure strategy. Alset expects Lyken.AI to achieve positive operating income by the end of 2026.
Loan Details:
Loan Amount: Up to
$3,000,000 in principal amount, to be made available in four advances (each, an "Advance") aligned with the Company's growth milestones, as follows:Advance 1:
$500,000 on or about the date the Loan Agreement is executed (the "Effective Date")Advance 2:
$500,000 on or about October 31, 2025.Advance 3:
$1,000,000 on or about December 31, 2025.Advance 4:
$1,000,000 at the discretion of management of Alset, until maturity.
Interest Rate:
6% per annum, payable quarterly.Maturity Date: 3 years from the Effective Date (the "Maturity Date").
In consideration of funds being made available by the Lender for each Advance, the Company has agreed, subject to the approval of the TSX Venture Exchange (the "TSXV"), to issue to the Lender certain non-transferrable Common Share purchase warrants (the "Warrants") on or about the funding date of each Advance (the "Warrant Issuance", and together with the Loan, the "Transaction"). The number of Warrants issuable for each Advance shall be equal to the dollar amount of such Advance made available to the Company, divided by
In the event that any Advance is repaid in whole or in part within one year of the date the applicable Advance is made, the Maturity Date for such number of Warrants that are proportionate to the amount so repaid shall be reduced to the later of: (i) one year from the Advance Date; and (ii) 30 days from such reduction of repayment of the Advance.
The Transaction remains subject to the approval of the TSXV. A press release announcing approval of the TSXV, if received, will be disseminated at the applicable time.
Management Commentary:
"This strategic term loan facility significantly strengthens our growth path," said Adam Ingrao, CEO of Alset AI Ventures. "With shareholder-friendly terms including a very conservative interest rate, this financing allows us to strengthen our balance sheet without the need for a dilutive equity raise. It provides the needed capital to assist Lyken.AI to quickly scale revenue, leveraging Lyken.AI's cutting-edge PaaS platform to meet growing global demand and positioning us to advance towards positive operating income exiting 2026, allowing us to provide value to our stakeholders."
Additional Details:
Upon closing of the Transaction and as additional consideration under the terms of the Loan, the Company has agreed to provide Mr. Gilling with a right to observe meetings of the Board of Directors of Alset (the "Observer Right"). The Observer Right shall terminate upon all outstanding amounts under the Loan being repaid.
Pursuant to Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"), the Transaction constitutes a "related party transaction" as Mr. Gilling is an insider of the Company by virtue of having beneficial ownership, control or direction over, directly or indirectly, greater than
Alset AI is an AI-focused venture investment platform dedicated to sourcing, funding, and developing companies across the artificial intelligence value chain. The company seeks to provide investors with diversified exposure to emerging applications and infrastructure that enable advancements in AI technologies.
For further information about Alset AI Ventures Inc., please contact:
Investor Relations
Adam Ingrao
Chief Executive Officer
T: 236.312.6744
E: ir@alsetai.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note regarding Forward Looking Statements
This press release may contain certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") regarding the Company, including statements relating to the Company's intention to enter into the Transaction; the expected timing for funding the Advances; the anticipated approval of the TSXV with respect to the Transaction, the issuance of the Warrants; the Company's intended use of proceeds from the Loan; the expected effect of the Loan on financial flexibility, liquidity, and balance sheet position for the Company and Lyken.AI; the Company's expectation for Lyken.AI to achieve positive operating income in 2026 and provide value to its stakeholders; the Company's belief that the Loan will support its strategic growth initiatives; and the strategic direction and business plans of the Company, including its ability to provide investors with diversified exposure to emerging applications and infrastructure that enable advancements in AI technologies. Forward-looking statements normally contain words like "will", "intend", "anticipate", "could", "should", "may", "might", "expect", "estimate", "forecast", "plan", "potential", "project", "assume", "contemplate", "believe", "shall", "scheduled", and similar terms. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this press release. Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions, and other factors that management currently believes are relevant, reasonable, and appropriate in the circumstances. Although management believes that the forward-looking statements herein are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Alset AI's business. Additional material risks and uncertainties applicable to the forward-looking statements herein include, without limitation, the impact of general economic conditions, and unforeseen events and developments. This list is not exhaustive of the factors that may affect the Company's forward-looking statements. Many of these factors are beyond the control of Alset AI. All forward-looking statements included in this press release are expressly qualified in their entirety by these cautionary statements. The forward-looking statements contained in this press release are made as at the date hereof, and Alset AI undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required by applicable securities laws. Risks and uncertainties about the Company's business are more fully discussed under the heading "Risks and Uncertainties" in its most recent Management's Discussion and Analysis and other disclosure documents available on SEDAR+ at www.sedarplus.ca.
SOURCE: Alset AI Ventures Inc.
View the original press release on ACCESS Newswire
FAQ
What are the key terms of Alset AI's $3,000,000 loan (GPUSF)?
When will Alset AI (GPUSF) receive the scheduled loan advances?
Who is the lender in the GPUSF loan and why does that matter?
What warrants will be issued with Alset AI's (GPUSF) loan advances?
How does the loan affect Lyken.AI's path to profitability?
Are there governance or approval conditions for the GPUSF loan?
