secwatch.observer — SEC 8-K summary
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Issuer:     AIBOTICS, INC. (AIBT)
CIK:        0001763329
Form:       8-K
Filed at:   2026-10-02T22:50:13+00:00
Accession:  0001096906-26-001500
Event type: m_and_a
Sentiment:  positive
Materiality: 0.87
Item codes: 1.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Aibotics signs exchange agreement to acquire Empulser for up to $22M in Series C preferred stock
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1763329/000109690626001500/0001096906-26-001500-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1763329/000109690626001500/aibt-20261002_8k.htm
  HTML page:      https://secwatch.observer/filing/0001096906-26-001500

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