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KMT-Hansa Provides Update
Globenewswireยท2025-06-25 13:00

Core Viewpoint - KMT-Hansa Corp. is updating on its memoranda of understanding with Lixu Innovations Limited and Astra Algorithm Limited, focusing on establishing joint ventures to enhance their respective ecosystems [1][6]. Group 1: Lixu Memorandum of Understanding - KMT and Lixu entered into a memorandum of understanding on June 5, 2025, to collaborate on establishing a subsidiary or joint venture named KMT-Tera10 Sub [2]. - KMT has the right to acquire up to 49% of the issued shares of KMT-Tera10 Sub, with an initial acquisition of 10% anticipated [3][4]. - The final purchase price and valuation of KMT-Tera10 Sub will be determined after due diligence, with payment potentially involving cash or common shares [4][5]. Group 2: Astra Memorandum of Understanding - KMT and Astra entered into a memorandum of understanding on May 6, 2025, to collaborate on establishing a subsidiary or joint venture named KMT-inBlock Sub [6]. - KMT has the right to acquire up to 49% of the issued shares of KMT-inBlock Sub, with an initial acquisition of 10% anticipated [7][8]. - The final purchase price and valuation of KMT-inBlock Sub will be determined after due diligence, with payment potentially involving cash or common shares [8][9]. Group 3: Financing - KMT may complete a financing of securities to fund the acquisitions of KMT-Tera10 Sub and KMT-inBlock Sub shares, structured as a common share offering or subscription receipt offering [10]. - Proceeds from the financing will be used specifically for the acquisitions [10][11]. Group 4: Company Backgrounds - Tera10, associated with Lixu, specializes in integrated hardware and software design, focusing on AI solutions and Web 3.0 innovations [12]. - inBlock, associated with Astra, provides Blockchain-as-a-Service (BaaS) and integrates AI with blockchain technology to enhance security and efficiency [13][14][15].