AcquisitionsMay 28, 2026, 04:13 PM
Netcapital Acquires NetNudge AI Platform Assets for up to $1.8M
AI Summary
Netcapital Inc. has acquired substantially all assets of Codesharp Corporation's NetNudge AI Agent Platform, an early-stage AI infrastructure designed to automate business operations. The initial consideration involves 600,000 shares of Series A Convertible Preferred Stock, valued at $900,000. An additional 600,000 shares, bringing the total maximum consideration to $1,800,000, are contingent on the acquired assets achieving $3,000,000 in cumulative GAAP revenue by May 31, 2029. The initial preferred shares carry 2.5 votes per share, while any contingent shares will be non-voting.
Key Highlights
- Netcapital acquired substantially all assets of Codesharp Corporation's NetNudge AI Agent Platform.
- Initial consideration includes 600,000 shares of Series A Convertible Preferred Stock.
- The initial stated value of the consideration is $900,000 ($1.50 per share).
- Up to an additional 600,000 shares of Series A Preferred Stock may be issued.
- Maximum stated value of the Series A Preferred Stock issuable is $1,800,000.
- Additional shares are contingent on achieving $3,000,000 cumulative GAAP revenue by May 31, 2029.
- Initial 600,000 preferred shares carry 2.5 votes per share; contingent shares are non-voting.
- Acquired assets include intellectual property, technology, software, and data.
Price Impact
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