Vestand Inc. reported that its wholly owned subsidiary, Vestand Korea Company Limited, has entered into an agreement to purchase a controlling interest in AI Mindbot Equity, the largest shareholder of Xcure Corp., a Kosdaq-listed provider of smart card and mobile security platform technology. The company explains that this acquisition is part of its crypto treasury strategy, signaling a move to gain influence through an entity that holds a significant stake in Xcure Corp. Details such as purchase price, ownership percentage, and closing timing are not included in this report, which primarily serves to share the related press release with the market.
Vestand Inc., through its wholly owned subsidiary Vestand Korea Company Limited, entered into a Share Purchase Agreement to acquire 21,000 shares of AI Mindbot Equity Union from Hyper Corporation for KRW 8,499,981, or approximately USD $6,439,379. Ten percent (10%) of the purchase price was paid at signing, with the remainder due at closing, which is anticipated on or about November 7, 2025.
After closing, Vestand Korea is expected to become the controlling shareholder of AI Mindbot, owning in excess of 89% of its equity. AI Mindbot is described as the largest shareholder of Xcure Corp., a Kosdaq-traded provider of smart card and mobile security platform technology in South Korea and internationally.
On the same date, Hyper Corporation and Vestand Korea entered into a Supplementary Agreement under which, at Xcure Corp.’s extraordinary shareholders’ meeting scheduled for November 7, 2025, four of seven current directors are to be replaced with individuals designated by Vestand Korea, giving Vestand significant influence over Xcure’s board.