DealsMay 14, 2026, 04:38 PM
AIxCrypto Sells Marizyme Note Package for $100K Cash, Royalties, 4.99% Equity
AI Summary
AIxCrypto Holdings, Inc. entered into a Note Purchase Agreement with CABG Acquisition Corp. on May 12, 2026, to sell its entire Note Package related to Marizyme, Inc. The package includes a secured promissory note with an outstanding principal of approximately $4.77 million and a co-development note for $1.75 million. In exchange, AIxCrypto will receive $100,000 in cash, a 10% royalty on cumulative net revenue exceeding $20 million (capped at $5.67 million), and a 4.99% equity interest in the entity formed by the buyer to acquire Marizyme's assets.
Key Highlights
- AIxCrypto sold its Note Package from Marizyme, Inc. to CABG Acquisition Corp.
- The Note Package includes a secured promissory note with ~$4.77M principal and a $1.75M co-development note.
- AIxCrypto received $100,000 in cash consideration at closing.
- The company will receive a 10% royalty on cumulative Net Revenue exceeding $20,000,000.
- Royalty payments are capped at $5,671,142.
- AIxCrypto will receive a 4.99% membership interest in the CABG SPV acquiring Marizyme's assets.
- The agreement includes customary preemptive and registration rights for the equity interest.
- Closing is subject to mutual agreement, with a 90-day termination clause.