INTURAI VENTURES COMPLETES DOMECOMMAND ACQUISITION
Rhea-AI Summary
Inturai Ventures (CSE: URAI, OTC: URAIF) has completed its previously announced acquisition of the intellectual property behind DomeCommand, an AI-driven command-and-control platform for autonomous drone swarms, plus a perpetual, royalty-free, worldwide licence to the Distri software it runs on, under a definitive asset purchase agreement.
The total consideration for the purchased assets is up to C$6,025,000, comprising a C$25,000 cash payment and up to 30,000,000 common shares at a deemed price of C$0.20. Inturai has issued 10,000,000 initial consideration shares, vesting in two tranches after 12 and 24 months. A further 20,000,000 performance consideration shares are issuable if specified cumulative revenue or share price milestones are met. All consideration shares carry a four‑month‑and‑one‑day statutory hold, and performance shares also have an additional six‑month voluntary resale restriction.
Positive
- Acquisition completed for up to C$6,025,000 total consideration
- Access to AI-driven DomeCommand C2 IP and perpetual, royalty-free Distri licence
- Initial 10,000,000 shares issued with 12- and 24-month vesting schedule
- Up to 20,000,000 additional shares tied to revenue or share-price milestones
Negative
- Potential dilution of up to 30,000,000 new common shares
- Performance shares may be issued if URAI share price reaches $0.40 and $0.60 thresholds
AI-generated analysis. How Rhea-AI works. Not financial advice.
(CSE: URAI / OTC: URAIF / FSE: 3QG0)
investor@inturai.com
Highlights
- The Company has completed its previously announced acquisition of the DomeCommand domecommand.ai. intellectual property, an AI-driven command-and-control (C2) platform for autonomous drone swarms, pursuant to the terms of a definitive asset purchase agreement.
Under the Acquisition, the total consideration payable for the Purchased Assets is up to
All Consideration Shares issuable pursuant to the Asset Purchase Agreement are subject to a statutory hold period of four months and one day pursuant to applicable securities laws. In addition, the Performance Consideration Shares will be subject to an additional voluntary resale restriction of six (6) months following issuance.
About Inturai Ventures
Inturai Ventures is advancing intelligent environments with cutting-edge AI technologies, transforming industries such as healthcare, military, smart homes, and industrial applications.
For more information, visit www.inturai.com.
On behalf of the Board of Directors
Ed Clarke, CEO
Inturai Ventures Corp.
Email: investor@inturai.com
Phone: (+1) 604 339-0339
Forward-Looking Statements
This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements in this news release include, without limitation: statements regarding the issuance of Performance Consideration Shares and the related terms and conditions for the issuance of such Performance Consideration Shares. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to risks that the Performance Consideration Shares may not be issued as contemplated, or at all; general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive board or regulatory approvals. The reader is cautioned that the assumptions used in the preparation of the forward-looking statements may prove to be incorrect and the actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what benefits, including the amount of proceeds, the Company will derive therefrom. Readers are cautioned that the foregoing list of factors is not exhaustive. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
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SOURCE INTURAI VENTURES CORP.