Core Points - Fobi AI Inc. has completed the sale of its wholly owned German subsidiary, Fobi AI Germany GmbH, to a third-party purchaser for a total of EUR 1,540,000 [1][2] - The transaction includes a cash purchase price of EUR 1,400,000 and an additional EUR 140,000 paid on behalf of Fobi by the purchaser [2] - Fobi has been granted a non-exclusive, worldwide, irrevocable license to use the "Passcreator Software" for a payment of EUR 140,000, with a term of 48 months [3] Company Overview - Fobi AI Inc. is an AI and data intelligence company founded in 2017 in Vancouver, Canada, focusing on digital transformation and customer data monetization [5] - The company serves various sectors including retail, insurance, sports, and entertainment, and is recognized as a leader in technology and data intelligence in North America and Europe [6]
FOBI AI Inc. Announces Closing of the Sale of German Subsidiary
Globenewswire·2025-06-12 20:53