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Tokens.com Corp. has closed the acquisition of Simulacra , a company specializing in AI integration and humanoid robots. Simulacra has generated $15.6 million in revenue and $12.1 million in gross profit over the last four years. The acquisition is expected to be revenue accretive for Tokens.com shareholders. Simulacra's focus on AI companionship market, healthcare, and education sectors positions it as a leader in the industry. Matt McMullen, the founder of Simulacra, will join Tokens.com as President. Tokens.com will issue 75 million common shares to Simulacra shareholders, representing approximately 38% of outstanding shares, with additional stock options and revenue-based share incentives. The transaction will expand Tokens.com's business base beyond crypto assets, aligning with their vision of disruptive technologies and innovation.
Tokens.com Corp. ha completato l'acquisizione di Simulacra, un'azienda specializzata nell'integrazione di intelligenza artificiale e robot umanoidi. Simulacra ha generato 15,6 milioni di dollari di ricavi e 12,1 milioni di dollari di profitto lordo negli ultimi quattro anni. Si prevede che l'acquisizione aumenterà i ricavi per gli azionisti di Tokens.com. L'attenzione di Simulacra verso il mercato della compagnia AI, il settore sanitario e l'educazione la posiziona come leader nell'industria. Matt McMullen, fondatore di Simulacra, entrerà a far parte di Tokens.com come Presidente. Tokens.com emetterà 75 milioni di azioni ordinarie ai soci di Simulacra, rappresentando circa il 38% delle azioni in circolazione, con opzioni aggiuntive su azioni e incentivi basati sui ricavi. La transazione amplierà la base di affari di Tokens.com oltre gli asset cripto, allineandosi con la loro visione di tecnologie disruptive e innovazione.
Tokens.com Corp. ha finalizado la adquisición de Simulacra, una empresa especializada en la integración de inteligencia artificial y robots humanoides. Simulacra ha generado ingresos de 15,6 millones de dólares y un beneficio bruto de 12,1 millones de dólares en los últimos cuatro años. Se espera que la adquisición aumente los ingresos para los accionistas de Tokens.com. El enfoque de Simulacra en el mercado de la compañía de IA, el sector de la salud y la educación la posiciona como líder en la industria. Matt McMullen, fundador de Simulacra, se unirá a Tokens.com como Presidente. Tokens.com emitirá 75 millones de acciones comunes a los accionistas de Simulacra, lo que representa aproximadamente el 38% de las acciones en circulación, con opciones de acciones adicionales e incentivos basados en ingresos. La transacción expandirá la base de negocios de Tokens.com más allá de los activos criptográficos, alineándose con su visión de tecnologías disruptivas e innovación.
Tokens.com Corp.는 AI 통합 및 휴머노이드 로봇을 전문으로 하는 Simulacra의 인수를 완료했습니다. Simulacra는 지난 4년 동안 1,560만 달러의 매출과 1,210만 달러의 총이익을 창출했습니다. 이번 인수는 Tokens.com 주주들에게 매출 증대가 될 것으로 기대됩니다. Simulacra가 AI 동반 시장, 헬스케어 및 교육 부문에 중점을 두고 있어 업계의 선두주자로 자리매김하고 있습니다. Simulacra의 창립자인 Matt McMullen은 Tokens.com의 회장으로 합류할 예정입니다. Tokens.com은 Simulacra 주주들에게 약 38%에 해당하는 7,500만 주의 보통주를 발행할 것이며, 추가적인 주식 옵션과 매출 기반의 주식 인센티브를 제공할 예정입니다. 이 거래는 Tokens.com의 사업 기반을 암호화 자산을 넘어 확장시키며, 그들의 혁신적 기술과 혁신에 대한 비전과 일치할 것입니다.
Tokens.com Corp. a finalisé l'acquisition de Simulacra, une entreprise spécialisée dans l'intégration de l'IA et des robots humanoïdes. Simulacra a généré 15,6 millions de dollars de chiffre d'affaires et 12,1 millions de dollars de bénéfice brut au cours des quatre dernières années. L'acquisition devrait accroître les revenus des actionnaires de Tokens.com. L'accent mis par Simulacra sur le marché de la compagnie d'IA, les secteurs de la santé et de l'éducation la positionne en tant que leader dans l'industrie. Matt McMullen, le fondateur de Simulacra, rejoindra Tokens.com en tant que Président. Tokens.com émettra 75 millions d'actions ordinaires aux actionnaires de Simulacra, représentant environ 38 % des actions en circulation, avec des options d'achat d'actions supplémentaires et des incitations basées sur le chiffre d'affaires. La transaction va étendre la base commerciale de Tokens.com au-delà des actifs cryptographiques, s'alignant sur leur vision des technologies disruptives et de l'innovation.
Tokens.com Corp. hat die Übernahme von Simulacra abgeschlossen, einem Unternehmen, das auf die Integration von KI und humanoide Roboter spezialisiert ist. Simulacra hat in den letzten vier Jahren einen Umsatz von 15,6 Millionen Dollar und einen Bruttogewinn von 12,1 Millionen Dollar erwirtschaftet. Es wird erwartet, dass die Übernahme die Einnahmen für die Aktionäre von Tokens.com steigern wird. Simulacras Fokus auf den Markt für KI-Begleiter, das Gesundheitswesen und den Bildungssektor positioniert es als Branchenführer. Matt McMullen, der Gründer von Simulacra, wird als Präsident zu Tokens.com stoßen. Tokens.com wird 75 Millionen Stammaktien an die Aktionäre von Simulacra ausgeben, was etwa 38% der ausstehenden Aktien entspricht, mit zusätzlichen Aktienoptionen und umsatzbasierten Aktienanreizen. Die Transaktion wird die Geschäftsbasis von Tokens.com über Krypto-Assets hinaus erweitern und steht im Einklang mit ihrer Vision von disruptiven Technologien und Innovation.
Positive
Successful acquisition of Simulacra by Tokens.com
Simulacra generated $15.6 million in revenue and $12.1 million in gross profit in the last four years
Expected revenue accretive impact for Tokens.com shareholders
Focus on AI companionship market, healthcare, and education sectors
Matt McMullen joining Tokens.com as President
Tokens.com issuing 75 million common shares to Simulacra shareholders, with additional stock options and revenue-based share incentives
Expansion of Tokens.com's business base beyond crypto assets
Negative
None.
TORONTO--(BUSINESS WIRE)--
Tokens.com Corp. (“Tokens.com” or the “Company”) (TSX-V: COIN) (Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF), a technology investment company, has successfully closed its acquisition of all the issued and outstanding shares of Simulacra Corporation (“Simulacra”).
Simulacra owns and operates three subsidiaries focused on the integration of artificial intelligence ("AI") and high quality, humanoid robots that improve the human experience through connection, learning and play. All amounts herein are expressed in U.S. dollars, unless otherwise stated.
Since 1997, Simulacra has been producing realistic silicone humanoid figures. In the last four years, Simulacra has generated revenues of $15.6 million (CAD$21.1 million) and Gross Profit of $12.1 million (CAD$16.3 million). The Transaction (as defined below) is expected to be revenue accretive to Tokens.com shareholders. More information on Simulacra can be found on their website here and an investor deck can be found here.
Utilizing its intellectual property and design expertise, Simulacra is positioned to expand beyond its current sectors of entertainment and marketing into other markets that benefit from high quality, natural looking, humanoid robots, and personalized AI systems, such as healthcare (elderly care, mental health) and education. Through their customized AI and realistic robots, Simulacra is positioned to be a leader in the newly emerging AI companionship market.
On the completion of the Transaction, Matt McMullen, the founder and CEO of Simulacra, will join Tokens.com as President and as a director. Mr. McMullen and Shrike Holdings Inc., another Simulacra shareholder, will also become new Insiders (as defined in policies of the TSX Venture Exchange (the “TSXV”) of the Company.
“The completion of this Transaction marks another milestone in our journey at Tokens.com,” said Andrew Kiguel, CEO of Tokens.com. “This acquisition diversifies our assets and business base. Going forward, we will be less reliant on the performance of crypto prices. This aligns with our vision of providing shareholders exposure to disruptive technologies that are defining the future and propelling us forward into new realms of innovation and possibility”.
Transaction Consideration and Other Details
Tokens.com will issue 75 million common shares to Simulacra shareholders in consideration for the acquisition (the “Transaction”). This will equate to approximately 38% of outstanding common shares of Tokens.com on the completion of the transaction. The common shares issued to Simulacra shareholders will be escrowed for 12 months and then gradually released between months 12 to 24 following the closing date. Tokens.com will also grant an aggregate of 7,500,000 stock options in exchange for the cancellation of 567,101 stock options of Simulacra. The Tokens.com stock options will be granted at an exercise price of $0.15 per stock option and will expire on the 10th anniversary of the closing date of the Transaction.
In addition, Simulacra shareholders will have the opportunity to earn an additional 10 million Tokens.com shares if they achieve revenue targets of $8 million within any 12 month period during the first 24 months following the completion of the Transaction and an additional 10 million Tokens.com shares if they achieve revenues of $10 million with any 12 month period between months 24 and 48 following the closing date.
Subsequent to the closing of the Transaction, it is expected that Tokens.com will have a total of 195,995,592 common shares outstanding and 1,469,950 in-the-money options outstanding. The Company also has 1,902,540 deferred stock units (held 100% by directors on the board) and 9,777,289 warrants outstanding with an exercise price of CAD$1.15 that expire in November 2024.
Each of Simulacra and its shareholders are arm’s length parties to the Company. No broker, agent or finder’s fee is payable in connection with the Transaction.
Simulacra Subsidiaries
(i) Realbotix
Realbotix builds customized ultra-realistic robots that are AI-enabled. These robots look, talk, and move like humans. Invented for use in entertainment, companionship, healthcare, and education markets. For an example of Realbotix’s products, please see the link here.
(ii) Anthropomorphic Figure Dynamics (“AFD”)
AFD is a unique division that caters to government and healthcare projects that require highly realistic humanoids. This would include previous contracts with the US military and John Hopkins hospital.
(iii) Abyss Creations
Abyss Creations builds companionship-based humanoid figures that have the ability to be integrated with AI features.
About Tokens.com
Tokens.com is a technology company focused on building ultra-realistic humanoid robotics and companionship based AI. Tokens.com also owns 15.3% of StoryFire Inc., an inventory of cryptocurrencies and a collection of top ranked crypto related domain names.
This news release includes certain forward-looking statements as well as management’s objectives, strategies, beliefs and intentions. Forward looking statements are frequently identified by such words as “may”, “will”, “shall”, “plan”, “expect”, “anticipate”, “estimate”, “intend” and similar words referring to future events and results. Forward-looking statements in this news release include statements relating to the expected closing date of the Transaction and the projected impact of the acquisition of Simulacra on the Company’s business, financial conditions and results.
Forward-looking statements are based on the current opinions and expectations of management. All forward-looking information is inherently uncertain and subject to a variety of assumptions, risks and uncertainties, including the speculative nature of cryptocurrencies, as described in more detail in our securities filings available at www.sedarplus.ca. Actual events or results may differ materially from those projected in the forward-looking statements and we caution against placing undue reliance thereon. Important factors that could cause actual results and financial conditions to differ materially from those indicated in the forward-looking statements include, among others: (a) the risk that the closing conditions for completion of the Transaction, including TSXV approval, are not satisfied; (b) risks relating to general economic, market and business conditions; and (c) unforeseen delays in the timelines for any of the transactions or events described in this press release.
We assume no obligation to revise or update these forward-looking statements except as required by applicable law.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933 (the “US Securities Act”) or any states securities laws and may not be offered or sold within the United states or to US Persons (as defined in Regulation S under the US Securities Act) unless registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.
Neither TSXV nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
Jennifer Karkula, Head of Communications
Email: contact@tokens.com
Telephone: 647-578-7490
Source: Tokens.com Corp.
The ticker symbol for Tokens.com Corp. is COIN on TSX-V, 76M on Frankfurt Stock Exchange, and SMURF on OTCQB US.
Simulacra 's subsidiaries focus on AI integration and humanoid robots for entertainment, companionship, healthcare, and education markets.
Matt McMullen, the founder and CEO of Simulacra, will join Tokens.com as President.
Tokens.com will issue 75 million common shares to Simulacra shareholders in consideration for the acquisition.
Simulacra shareholders can earn an additional 10 million Tokens.com shares if they achieve revenue targets of $8 million within any 12 month period during the first 24 months following the completion of the Transaction.
