---
schema_version: "secwatch.filing_event.v1"
accession: "0001393905-24-000214"
form_type: "8-K"
ticker: "AVAI"
cik: "0001740797"
company_name: "AVAI BIO, INC."
filed_at: "2024-06-05T23:59:59+00:00"
generated_at: "2026-06-01T06:18:54.244444+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Avant Technologies signs binding LOI to acquire up to 50 supercomputer servers for $50M

## Summary
- Binding LOI with Flow Wave, LLC to acquire up to 50 immersible supercomputer servers for $50M cash.
- Payment via $50M promissory note, 5% interest, six monthly payments after Avant raises at least $20M.
- If Avant fails to pay within 6 months post capital raise, deal voids and servers return to Flow Wave.
- Transaction subject to definitive agreement, board/regulatory approvals, due diligence, and Avant shareholder vote.
- Avant CEO states acquisition positions company in supercomputer-driven data center industry.

## SEC filing metadata
- accession: 0001393905-24-000214
- form_type: 8-K
- ticker: AVAI
- cik: 0001740797
- company_name: AVAI BIO, INC.
- filed_at: 2024-06-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1740797/000139390524000214/0001393905-24-000214-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1740797/000139390524000214/avai-20240603.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001393905-24-000214
- JSON: https://secwatch.observer/filing/0001393905-24-000214.json
- Plain text: https://secwatch.observer/filing/0001393905-24-000214.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.