Vocodia Holdings Corp. and Scale Agile Solutions Announce Letter of Intent for Strategic Asset Acquisition

Core Insights - Vocodia Holdings Corp. has signed a non-binding Revised Letter of Intent to acquire Scale Agile Solutions, aiming to enhance its position in the $470 billion conversational AI market [1][2] Strategic Transaction Overview - The acquisition will involve Vocodia acquiring key assets from SAS, while Connexus Ai Inc. will remain separate and not part of the transaction [2] - Post-acquisition, SAS will function as an independent division within Vocodia for at least one fiscal year to facilitate integration [2] Financial Details - The transaction values SAS's assets at approximately $10.5 million, based on its annual recurring revenue of $697,000 and a $1.5 million pipeline [3] - SAS has a strong client base, including contracts with iPower, FermaGlo, and Branch Insurance Group [3] - SAS stakeholders will receive a 45% equity stake in Vocodia through Preferred Stock, which includes conversion rights and anti-dilution protection [3] Synergies and Growth Potential - The combined entities expect to deliver 40-50% efficiency gains in sectors like healthcare and legal by leveraging Vocodia's platform and SAS's AI capabilities [4] - Vocodia plans to secure an equity line of credit (ELOC) facility of at least $25 million to support growth [4] Leadership Statements - The CEO of Vocodia emphasized that the acquisition is a crucial step in redefining conversational AI and unlocking significant value [5] - The CEO of SAS highlighted that the partnership will allow for responsible and strategic expansion of AI capabilities [5] Next Steps - The transaction is subject to customary conditions, including due diligence and regulatory approvals, with a 30-day exclusivity period agreed upon [6]