PartnershipAug 12, 2026, 08:08 AM
Fusemachines Secures $6.5M Qintess Deal, Issues 1.25M Shares
AI Summary
Fusemachines Inc. announced a strategic partnership with Qintess Holding e Participações Ltda., formalized through a Master License and Services Agreement and a Strategic Share Issuance Agreement. Under the MSA, Qintess committed to purchasing a minimum of $6.5 million in Fusemachines' Agentic AI products and services over a three-year term. In exchange, Fusemachines will issue up to 1,250,000 shares of common stock to Qintess in tranches, contingent on Qintess meeting the committed spend targets.
Key Highlights
- Fusemachines entered a strategic partnership with Qintess Holding e Participações Ltda.
- Qintess committed to a minimum $6.5 million spend on Fusemachines' products over three years.
- Fusemachines will issue up to 1,250,000 common shares to Qintess.
- 750,000 shares to be issued within 10 business days of the agreement's effective date.
- 250,000 shares contingent on Qintess purchasing $4.5 million by the second anniversary.
- Final 250,000 shares contingent on Qintess purchasing $6.5 million by the third anniversary.
- Fusemachines will file an S-1 registration statement for resale of shares within 60 days.
Price Impact
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