Stratum Holdings (NASDAQ: SRTM) signed a non-binding letter of intent to sell substantially all assets of its legacy real estate businesses. A newly formed subsidiary of the proposed buyer would acquire brokerage, franchising, education and coaching, property management, mortgage and title operations.
Stratum expects the sale to simplify its cost structure and strengthen its financial position by transferring specified liabilities, including trade payables, and removing legacy operating costs and working-capital needs. The planned divestiture supports its pivot to AI infrastructure and GPU leasing and its goal of profitability in 2027. The company previously acquired NVIDIA B300 GPUs placed under a long-term lease. Closing remains subject to due diligence, a definitive agreement, required approvals and consents, and release of liens and indebtedness on the acquired businesses.