M&A
confidence high
sentiment positive
materiality 0.87
Aibotics signs exchange agreement to acquire Empulser for up to $22M in Series C preferred stock
AIBOTICS, INC.
- Aibotics entered an Oct. 2, 2026 exchange agreement to acquire 100% of Empulser Enterprises LLC; consideration is up to $22M in Series C Preferred Stock, 2,200,000 shares at $10.00.
- Earn-out over 36 months: 220,000 shares at closing plus 198,000 shares per each of 10 milestones tied to patent filings, flight testing, pilot programs, and $500,000 cumulative revenue.
- Series C ranks pari passu with existing preferred, senior to later-designated preferred; no dividends, convertible at holder's option, and liquidation amount equals $10.00 per share.
- Aibotics may advance up to $2,000,000 pre-closing to Empulser, secured by first-priority lien; Patrick Tsang to advise 90 days and is intended CEO/director upon closing.
- Closing conditions include audited Regulation S-X financials, OTC Markets 'Current' status, and termination rights if closing not by Jan. 2, 2027; deal intended as Section 368 reorganization.