DealsOct 27, 2026, 08:36 AM
SecureTech Licenses QSTAK Blockchain Tech; Forms JV; Buys 15% Stake
AI Summary
SecureTech Innovations, Inc. has entered into definitive agreements to acquire an exclusive, worldwide license to QSTAK Holding, LLC's blockchain, exchange, and wallet technology for up to $22 million in Series B Preferred Stock. The company also formed a joint venture, QSTAK Market, LLC, in which its subsidiary Piranha Blockchain holds a 57% stake, and acquired a 15% ownership interest in QSTAK for $4.5 million in Series A Preferred Stock. These transactions are expected to provide SecureTech with a significant technological advancement and contribute to initial consolidated revenue in the current quarter.
Key Highlights
- SecureTech acquired an exclusive, worldwide license to QSTAK's blockchain, exchange, wallet, and related IP for up to $22M in Series B Preferred Stock.
- SecureTech formed QSTAK Market, LLC, a joint venture, with Piranha Blockchain holding 57%, QSTAK 38%, and Craft Capital 5%.
- SecureTech acquired a net 15% ownership interest in QSTAK Holding, LLC for $4.5M in Series A Preferred Stock.
- The JV Entity has an initial valuation of $22,000,000, subject to a closing valuation report.
- The license consideration is payable in four tranches, with $6M issued at closing and the rest contingent on commercial launch and revenue milestones.
- SecureTech expects to consolidate the JV Entity in its financial statements.
- The transactions are expected to result in initial consolidated revenue for Piranha Blockchain during the current fiscal quarter.
Price Impact
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