M&A
confidence high
sentiment positive
materiality 0.75
GlobalTech acquires exclusive worldwide license to CricksLab Core Engine for $10M in stock
GlobalTech Corp
- Issued 10M restricted shares valued at $10M for exclusive, perpetual, royalty-free license to CricksLab's core engine for baseball, softball, and other bat-and-ball sports.
- License includes player/team/league management, live video, scoring, and statistics; excludes cricket which remains exclusive to CricksLab.
- Non-compete provisions bar CricksLab from competing in baseball/softball and GlobalTech from cricket-related development.
- Transaction closed on April 7, 2025; press release issued April 11, 2025.
- CEO Dan Green says the license enables expansion into the sports vertical and drives value creation.