Core Insights - Orangekloud Technology Inc. has signed a non-binding Letter of Intent with Orbis Technology Limited to negotiate a transaction for the acquisition of Orbis's flagship brand, VeVe, through a Reverse Merger Transaction [1][4]. Company Overview - Orangekloud Technology Inc. is a Singapore-based technology company that provides the eMOBIQ® No-Code platform aimed at developing mobile applications for Small and Medium Enterprises (SMEs) and corporations [6]. - The eMOBIQ® platform is designed to digitalize and streamline operations in various sectors, including Food Services & Manufacturing, Precision Engineering, and Construction [6]. Orbis Technology Limited - Orbis is a global digital intellectual property infrastructure company that facilitates the issuance, authentication, and monetization of licensed digital assets [2]. - The company operates across various domains, including IP ingestion, rights management, marketplace infrastructure, and secondary-market monetization, offering a comprehensive platform for digital IP lifecycle management [2]. VeVe Brand - VeVe serves as Orbis's flagship consumer-facing brand and marketplace, acting as a distribution and demand engine for the underlying IP infrastructure [3]. Transaction Details - The proposed Reverse Merger Transaction will result in Orbis's co-founders and shareholders owning the majority of the issued shares in Orangekloud, while current shareholders of Orangekloud will hold a minority stake [4]. - The company plans to maintain a dual-class share structure post-transaction [4]. - The parties are working towards finalizing the terms for a definitive implementation agreement by around February 28, 2026 [5].

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