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Totaligent Executes Binding LOI for Strategic Acqui-hire of Aetherium Medical Team, Intellectual Property, and Platform Assets
Globenewswire· 2026-02-12 14:00
Core Viewpoint - Totaligent, Inc. has executed a binding Letter of Intent (LOI) to acquire Aetherium Medical's team and assets, marking a strategic move into the biologics market and medical tourism [1][3][6] Group 1: Transaction Details - The LOI includes an exclusivity period for negotiations between Totaligent and Aetherium, with the transaction expected to close in approximately four weeks [3] - Totaligent will acquire Aetherium's assets on a non-cash contribution basis, forming a new subsidiary, Aetherium Medical LLC, to manage these assets [5] - Ivan Klarich will be appointed as Managing Director of Aetherium Medical LLC, and Totaligent will issue restricted preferred stock representing 10% of its outstanding equity to Klarich and key Aetherium team members [5] Group 2: Aetherium Medical's Role - Aetherium Medical is focused on creating infrastructure for biotechnology companies to connect with global patients through ethical medical tourism [2][7] - The company offers "Infrastructure-as-a-Service" capabilities, including logistics, commercialization strategies, and governance frameworks for the biologics industry [2][7] Group 3: Strategic Importance - The acquisition is seen as a pivotal step for Totaligent to leverage Aetherium's expertise and infrastructure, enhancing its position in the rapidly growing market for advanced biologics and medical tourism [6][8] - The transaction aims to combine Totaligent's marketing platform with Aetherium's capabilities to capture significant value in this emerging market [6]