m_and_a
confidence high
sentiment neutral
materiality 0.75
SecureTech acquires Aiultraprod Group for $8.6M in preferred stock; target’s revenue jumps 12x to RMB 21.1M
Securetech Innovations, Inc.
- Acquired 100% of Aiultraprod Group (Hong Kong) via subsidiary for 185 Series A Preferred shares valued at $8,565,500.
- Target's subsidiary Zhejiang Jizhu holds 24 patents for AI-driven 3D printing of molds and houses.
- Zhejiang Jizhu FY2024 revenue RMB 21.1M (up from RMB 1.6M YoY); net loss RMB 6.2M (2023: loss RMB 5.4M).
- Incubation Agreement signed to provide operational support with goal of eventual NASDAQ spin-off.
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