secwatch.observer — SEC 8-K summary
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Issuer:     AIBOTICS, INC. (AIBT)
CIK:        0001763329
Form:       8-K
Filed at:   2026-10-16T20:07:42+00:00
Accession:  0001096906-26-001565
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.01, 3.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Aibotics acquires PlayJamaica's NovaCore Labs assets for $225K in preferred; earn-out up to $3M
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- Closed Oct 14, 2026 acquisition of PlayJamaica's NovaCore Labs robotics/drone/AI mapping assets for 22,500 Series B Preferred shares with $225,000 stated value.
- Earn-out up to $3,000,000 in Series B Preferred over 4 years: four $750,000 tranches at cumulative gross revenue of $500K, $1.5M, $3M and $5M.
- Assumed only ~$35,000 of liabilities for certain drones/generators; Company does not assume other PlayJamaica liabilities. Closing occurred Oct 14, 2026.
- Gregory Moore named CEO of NovaCore, Ryan Moore VP; each gets 50,000,000 Aibotics common shares vesting over 3 years; bonuses 10%/8% of NovaCore net income, capped $500,000/year.
- Company to deploy $1,000,000 in NovaCore over 12 months, intended funded by Regulation A offering; failure to fund gives PlayJamaica 12-month repurchase right at 8% interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1763329/000109690626001565/0001096906-26-001565-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1763329/000109690626001565/aibt-20261014_8k.htm
  HTML page:      https://secwatch.observer/filing/0001096906-26-001565

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer