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[6-K] SAGTEC GLOBAL Ltd Current Report (Foreign Issuer)

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
6-K
Rhea-AI Filing Summary

Sagteс Global Limited entered a licensing and technology collaboration with Kinetic Seas and, per an addendum, satisfied a US$2,000,000 licensing fee by issuing 5,500,000 Class A Ordinary Shares, subject to Rule 144 restrictions with a holding period beginning August 21, 2025. Upon issuance, the licensing fee obligation is fully settled.

The partnership covers use of Kinetic Seas’ Skilliks platform and joint development of AI and enterprise software. The parties adopted a revenue-sharing model: 70% of net revenue to Sagteс and 30% to Kinetic Seas, calculated from gross project receipts minus agreed direct costs, with payments to Kinetic Seas due within seven days after Sagteс receives customer payments.

The addendum expands services to end-to-end AI product development, engineering, deployment, and maintenance. Sagteс can operate and commercialize Skilliks, including a white-labeled version, “Skilliks-my.” Jointly developed IP follows shared-IP principles, with specific ownership to be defined in future statements of work.

Positive
  • None.
Negative
  • None.

Insights

Equity-settled license with 70/30 net-revenue sharing; neutral impact.

The agreement exchanges a US$2,000,000 licensing fee for 5,500,000 Class A shares under Rule 144, indicating a non-cash settlement. The collaboration grants Sagteс rights to the Skilliks platform and sets a clear monetization structure for AI projects.

Economics allocate 70% of net revenue to Sagteс and 30% to Kinetic Seas, with remittance within seven days after customer payment. Actual financial impact depends on project volume, pricing, and direct costs defined in statements of work.

The addendum broadens scope to end-to-end AI development and a white-labeled offering. IP will follow shared principles, with ownership finalized in future statements of work.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of November 2025

 

Commission File Number: 001-42551

 

SAGTEC GLOBAL LIMITED

(Registrant’s Name)

 

No 43-2, Jalan Besar Kepong,

Pekan Kepong, 52100 Kuala Lumpur

(Address of Principal Executive Offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F ☒        Form 40-F ☐

 

 

 

 

 

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

 

Item 1.01 Entry into a Material Definitive Agreement

 

On August 21, 2025, Sagtec Global Limited (“Sagteс” or the “Company”) entered into a licensing and technology collaboration agreement (the “Licensing Agreement”) with Kinetic Seas Incorporated (“Kinetic Seas”). On October 29, 2025, the parties announced via press release that they have executed an addendum to the Licensing Agreement (the “Addendum,” and together with the Licensing Agreement, the “Agreement”).

 

Kinetic Seas is a Colorado corporation specializing in artificial intelligence and software development technologies. Under the Agreement, Sagtec obtained rights to utilize Kinetic Seas’ Skilliks platform and AI technologies, and the parties agreed to jointly develop and commercialize AI and enterprise software solutions for Sagtec’s current and prospective client base.

 

Under the Addendum, the original licensing fee of US$2,000,000, including a 25% deposit, is deemed fully satisfied upon Sagtec’s issuance of 5,500,000 Class A Ordinary Shares to Kinetic Seas. Such shares are subject to Rule 144 restrictions, with a holding period beginning August 21, 2025. Upon issuance, Sagtec’s payment obligations for the licensing fee are fully settled.

 

Under the Agreement, a revenue-sharing model will be adopted for customer AI development and deployment projects, with 70% of net revenue to Sagtec and 30% of net revenue to Kinetic Seas, calculated based on gross project receipts less agreed direct project costs. Payments to Kinetic Seas are due within seven days of Sagtec receiving customer payment.

 

The Addendum expands the scope of services to include end-to-end AI product development, engineering, deployment, and maintenance.

 

Kinetic Seas will:

 

Remain Sagtec’s exclusive AI development and technology partner in Southeast Asia

 

Provide full-cycle software development, DevOps, testing, system integration, and technical documentation services

 

Support commercialization, pre-sales, and market expansion activities

 

Deliver turnkey solutions to Sagtec’s client base, including more than 12,000 SaaS clients

 

Sagteс retains the right to operate and commercialize the Skilliks platform, including a white-labeled version (“Skilliks-my”), and will collaborate with Kinetic Seas on joint AI software projects and enterprise deployments. Jointly developed intellectual property will be governed by shared-IP principles outlined in the Licensing Agreement, with ownership and rights defined in future statements of work.

 

The Agreement and a copy of the press release is furnished as Exhibit 99.1 and Exhibit 99.2 respectively.

 

Financial Statements and Exhibits.

 

The following exhibits are being filed herewith:

 

Exhibit No.   Description
99.1   Licensing Agreement and Addendum dated August 21, 2025 and October 29, 2025 between the Company and Kinetic Seas Inc
99.2   Press Release dated November 4, 2025 titled: “Sagtec Global Limited and Kinetic Seas Inc. Finalize Landmark Partnership to Accelerate AI Co-Development Across Malaysia, Indonesia, Singapore, and the Philippines”

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

SAGTEC GLOBAL LIMITED  
   
By: /s/ Ng Chen Lok  
Name: Ng Chen Lok  
Title: Chairman, Chief Executive Officer and Executive Director  

 

Date: November 4, 2025

 

2

 

FAQ

What did SAGT announce in its Form 6-K?

Sagteс Global disclosed a licensing and technology collaboration with Kinetic Seas and an addendum that settles a US$2,000,000 licensing fee via shares.

How was the licensing fee settled for SAGT?

The fee is deemed fully satisfied by issuing 5,500,000 Class A Ordinary Shares to Kinetic Seas, subject to Rule 144 restrictions.

What is SAGT's revenue-sharing model with Kinetic Seas?

For customer AI projects, 70% of net revenue goes to Sagteс and 30% to Kinetic Seas, based on gross receipts minus agreed direct costs.

When are payments to Kinetic Seas due under the agreement?

Payments are due within seven days after Sagteс receives customer payment.

What platforms and products are covered in the SAGT deal?

Sagteс can use and commercialize the Skilliks platform, including a white-labeled version, “Skilliks-my.”

What did the addendum change or expand for SAGT?

It expands services to end-to-end AI product development, engineering, deployment, and maintenance, and confirms fee settlement via share issuance.

How will IP be handled in the SAGT-Kinetic Seas partnership?

Jointly developed IP follows shared-IP principles in the agreement, with specific ownership set in future statements of work.
SAGTEC GLOBAL LTD

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29.07M
4.04M
68.29%
2.04%
0.69%
Software - Application
Technology
Link
Malaysia
Kuala Lumpur