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AVAI, Austrianova launch Insulinova with $1.5M capped funding

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(Neutral)
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(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Avant Technologies Inc. (AVAI) entered a Joint Venture and License Agreement with SGAustria Pte. Ltd. to form Insulinova, Inc. Effective November 1, 2025, the parties will co-own Insulinova on a 50%/50% basis and operate it under a limited liability company agreement.

Austrianova intends to contribute its proprietary cell encapsulation intellectual property, know-how, and related resources. AVAI will contribute all resources and capital required for the first eighteen months, not to exceed $1.5 million USD, in exchange for Insulinova common stock, and will use its best efforts to help arrange additional funding at no cost to Austrianova. The full agreement is attached as Exhibit 10.1.

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Insights

50/50 biotech JV with up to $1.5 million near-term funding.

AVAI and Austrianova agreed to form Insulinova, Inc., effective November 1, 2025, splitting ownership equally. Austrianova contributes proprietary cell encapsulation IP and expertise, while AVAI provides initial operating resources and capital.

AVAI’s commitment is capped at $1.5 million over the first 18 months, exchanged for Insulinova common stock. The structure lists a limited liability company agreement for governance and a license for IP use.

Future financing may be arranged with AVAI’s best efforts at no cost to Austrianova, but actual capital beyond the initial period depends on subsequent arrangements disclosed in later filings. The agreement text is referenced as Exhibit 10.1.

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): November 1, 2025

 

 

AVANT TECHNOLOGIES INC.

(Exact name of registrant as specified in its charter)

 

 

     
     

Nevada

(State or other jurisdiction of incorporation or organization)

 

333-225433

(Commission File Number)

 

 

38-4053064

(I.R.S. Employer Identification Number)

 

 

 

 

c/o Eastbiz.com, Inc 5348 Vegas Drive, Las Vegas, NV 89108

 

(Address and telephone number of principal executive offices)

 

(Issuer’s telephone number)

(866) 533-0065

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

Securities registered pursuant to Section 12(b) of the Act: Not applicable.

 

Title of each class   Trading Symbol   Name of each exchange on which registered
Not applicable        

 

 

 

 

Item 1.01 - Entry into a Material Definitive Agreement

 

On November 1, 2025 (the “Effective Date”), Avant Technologies Inc. (the “Company” and “AVAI”) entered into a Joint Venture and License Agreement with SGAustria Pte. Ltd., a Singaporean company with registered number UEN 200901830C (the “Austrianova”), collectively referred to as the “Parties”, setting forth the principal terms of a Joint Venture and License Agreement (the “Agreement”).

 

The Agreement sets forth the understanding of the Parties with respect to the formation of a new Joint Venture called “Insulinova, Inc.” (the “Insulinova”), and contribute the proprietary rights, know-how, resources and funding as described in the License Agreement.

 

Austrianova is a cutting-edge Biotech company based in Singapore embracing leading world quality standards to produce cell-based products. Austrianova’s expertise and technologies are backed up by more than 50 international peer reviewed publications, as well as by contracts from leading pharmaceutical and biotech companies. Austrianova’s scientists are experts in cell biology, GMP-grade cell products and encapsulation of living cells. Austrianova has developed a proprietary cell encapsulation technology to protect, isolate, store, and transport living cells, as well as offering cell line development and GMP Manufacturing capabilities and expertise and it intends to contribute its intellectual property, know- how, and resources to Insulinova to achieve the purposes of the Agreement.

 

AVAI will contribute all of the resources and capital required by Insulinova, Inc’s formation and operation for the next eighteen (18) months, not to exceed $1.5 million USD in capital and its resources in exchange for the common stock of Insulinova. AVAI will use its best efforts to assist in arranging additional funding as needed, as described in the Agreement, at no cost to Austrianova.

 

The ownership of Insulinova shall be 50% AVAI and 50% Austrianova. The Insulinova will be governed and operated pursuant to the terms of a limited liability company agreement.

 

The foregoing descriptions of the Joint Venture and License Agreement are qualified in their entirety by reference to the full text of such agreement, copy of which are attached hereto as Exhibit 10.1, and which is incorporated herein in its entirety by reference. The representations, warranties and covenants contained in such agreements were made only for purposes of such agreements and as of specific dates, were solely for the benefit of the parties to such agreements, and may be subject to limitations agreed upon by the contracting parties.

 

Forward-Looking Statements

 

This Current Report on Form 8-K contains forward-looking statements, including statements concerning future financing arrangements and the Company’s business strategy. These statements are based on current expectations and assumptions and involve risks and uncertainties. Actual results may differ materially from those described in the forward-looking statements. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date hereof, except as required by law.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

Exhibit No. Description
10.1 Joint Venture and License Agreement dated November 1, 2025

 

 

 

 

SIGNATURES

  

In accordance with the requirements of the Securities Act of 1933, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Dated: November 4, 2025

 

     
AVANT TECHNOLOGIES INC.
 
By: /s/ Vitalis Racius
  Name: Vitalis Racius
  Title: Chief Financial Officer, Director & Treasurer
     

 

FAQ

What did Avant Technologies (AVAI) announce in this 8-K?

AVAI entered into a Joint Venture and License Agreement with SGAustria Pte. Ltd. to form Insulinova, Inc., effective November 1, 2025.

How much funding will AVAI provide to Insulinova?

AVAI will contribute resources and capital for the first 18 months, not to exceed $1.5 million USD, in exchange for Insulinova common stock.

What is the ownership split of Insulinova?

Ownership will be 50% AVAI and 50% Austrianova.

What will Austrianova contribute to the joint venture?

Austrianova intends to contribute its proprietary cell encapsulation intellectual property, know-how, and related resources.

What are AVAI’s obligations beyond the initial funding?

AVAI will use its best efforts to assist in arranging additional funding as needed at no cost to Austrianova, as described in the agreement.

Where can investors find the full terms of the agreement?

The Joint Venture and License Agreement is filed as Exhibit 10.1.
Avant Technologies Inc

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