Aibotics Acquires Robotics Assets; Gregory Moore Appointed President, Receives 50M Shares
Aibotics Inc. has entered into an Asset Sale and Purchase Agreement with PlayJamaica Limited to acquire specific assets related to robotics, drone services, artificial intelligence, and mapping solutions. The acquisition includes tangible assets, intellectual property, customer data, and the NovaCore Labs brand. Consideration includes an initial issuance of 22,500 shares of Series B Preferred Stock, with potential for an additional $3,000,000 based on future revenue performance. Aibotics will also fund $1,000,000 into the newly formed subsidiary, NovaCore Labs Limited. Gregory Moore has been appointed President of NovaCore and will receive 50,000,000 common shares, along with performance-based bonuses and milestone awards.