ModuLink to buy 60% of ASA Robotics with preferred stock
ModuLink Inc. entered into a Share Purchase Agreement to acquire 60% of Hong Kong-based ASA Robotics Limited, a robotics and artificial intelligence solutions company.
Rhea-AI Filing Summary
ModuLink Inc. entered into a Share Purchase Agreement to acquire 60% of Hong Kong-based ASA Robotics Limited, a robotics and artificial intelligence solutions company. As consideration, ModuLink will offer Wah Shing Lam 6,500 shares of its Series A Convertible Preferred Stock through its subsidiary, ModuLink Innotech Limited.
After closing, ModuLink will own 60% of ASA Robotics, while Mr. Lam will hold voting power equal to 130,000,000 ModuLink common shares via the preferred stock, representing about 1.6% of the company’s voting power. ModuLink states its business will not change as a result of this transaction and anticipates closing around February 28, 2026.
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Insights
ModuLink is using a small preferred-share grant to acquire 60% of a robotics and AI company.
ModuLink Inc. agreed to acquire 60% of ASA Robotics Limited by issuing 6,500 shares of Series A Convertible Preferred Stock to Wah Shing Lam. This structure lets ModuLink gain control of a robotics and artificial intelligence solutions company without cash outlay disclosed in this excerpt.
The preferred shares grant Mr. Lam voting power equal to 130,000,000 common shares. With 3,969,933,920 common shares and 200,000 Series A Preferred shares outstanding as of January 29, 2026, the 6,500-share grant is described as about 1.6% of total voting power, indicating limited governance dilution.
ModuLink notes it will not change its business as a result of the transaction, suggesting ASA Robotics is being added alongside existing operations. The company expects closing around February 28, 2026, following satisfaction of closing conditions detailed in the Share Purchase Agreement.
8-K Event Classification
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