Company Overview - Fuse Battery Metals Inc. has entered into a binding letter of intent to acquire 100% of Pointor AI's common and preferred shares through a three-cornered amalgamation transaction [1] - Pointor AI is a recruitment technology business developing an AI-driven platform aimed at reducing hiring time by 80% and costs by up to 90% compared to traditional methods [2][6] - The company is newly incorporated and focuses on commercializing AI software for the Human Resources and Recruitment Industries [4] Technology and Product Offering - Pointor AI's platform utilizes machine learning and natural language processing to analyze professional data, offering features such as competitor research, automated org chart building, talent mapping, and salary benchmarking [3] - The platform's architecture consists of four layers: data collection, processing, intelligence, and interface, providing an intuitive user experience [3] Market Potential - The global recruitment market is valued at US$757 billion in 2024 and is projected to reach US$2.3 trillion by 2033, with a CAGR of 13.1% [6] - Pointor AI targets large enterprises with over 10,000 employees, initially focusing on the UK and North America, with plans to expand to the EU in Year 2 and Asia in Year 3 [6] Revenue Model - Pointor AI employs a dual revenue model: a per-placement fee model averaging £5,500 per hire and an enterprise subscription model with an average monthly fee of £5,000 [7] - The company claims significant cost advantages, achieving 80-90% savings compared to traditional executive search methods [7] Transaction Details - Fuse will acquire Pointor AI through the issuance of 50,000,000 common shares, with the price per share anticipated to align with a concurrent private placement financing [9] - A finder's fee of 1,500,000 shares is payable upon successful completion of the transaction [15] Management Changes - Following the transaction, three nominees from Pointor AI will join Fuse's board of directors, and Pointor AI's current officers will replace most of Fuse's existing management [19] - Key proposed management includes Jessie (Fan) Johnson as CEO, Tarka L'Herpiniere as CTO, and Oliver Willett as Strategic Advisor [20][23][25] Financial Information - Financial statements for Pointor AI were not available at the time of the announcement, with summary financial information to be disclosed later [8] - Fuse intends to complete a private placement of subscription receipts for gross proceeds of CAD$2.0 million, which will be used for various operational costs [16]