NewGenIvf Group to Buy 2% of K25.ai for $2 Million
NewGenIvf Group Acquires 2% Stake in K25.ai
NewGenIvf Group Ltd (NASDAQ: NIVF) has announced the execution of a share purchase agreement to acquire 2% of K25.ai, an AI-powered prediction market, for $2 million. The deal values K25.ai at $100 million.
Deal Details
NewGenIvf will purchase a 2% stake in K25.ai for $2 million and has obtained exclusive agency rights for the Asia-Pacific region. The agreement was made with K25.ai, led by industry veteran Andy Cheung.
Contract Terms
The exclusive agency agreement has an initial term of three years with a renewal option. This partnership aims to strengthen NewGenIvf's presence in AI and prediction markets.
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