Ispire to form 50/50 JV with Berify for authentication tech; commits up to $10M

Ispire Technology Inc.

Ispire (ISPR) signed non-binding Term Sheet with Berify to create NewCo, a 50/50 joint venture.
Ispire will contribute up to $10M for R&D, FDA PMTA submissions, and software development.
Berify contributes its product verification, blockchain, and connected device IP; exclusivity until April 1, 2024.
Upon signing definitive docs, Ispire to issue Berify warrants for 111,111 shares at $9.00 per share.
Definitive documents subject to due diligence, board approvals, and regulatory clearances; no assurance of closing.

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