Core Viewpoint - Nextech3D.ai is advancing its strategy by acquiring Krafty Labs, enhancing its AI-first event technology platform and expanding its customer base, with a closing date set for January 2, 2026 [2][12]. Acquisition Details - The due diligence process for the acquisition of Krafty Labs has been successfully completed, and the acquisition is set to close on January 2, 2026, pending customary closing conditions [2]. - Krafty Labs has a strong customer base and generated approximately $1.2 million in revenue year-to-date 2025, with gross margins of 72% [3]. CEO Investment - CEO Evan Gappelberg is investing $321,917 into the company through an 18-month convertible note with a 12% annual interest rate [4][10]. - The investment reinforces the alignment between management and shareholders, as Gappelberg remains the largest shareholder with 32,757,017 common shares [6]. Strategic Implications - The acquisition is expected to enhance Nextech3D.ai's event technology capabilities, leading to increased average contract values and deeper customer relationships [11]. - The combination of Krafty Labs' capabilities with Nextech3D.ai's existing technology is anticipated to create enhanced monetization opportunities across various event formats [11]. Future Outlook - The company is focused on integrating Krafty Labs and accelerating growth while building long-term shareholder value [12]. - Nextech3D.ai aims to develop a comprehensive, AI-powered event technology platform through disciplined acquisitions and organic growth [12].
CORRECTION: Nextech3D.ai Provides Shareholder Update on Krafty Labs Acquisition and Announces $321,917 CEO Investment
Accessnewswire·2025-12-24 14:25