Global AI acquires Tectu Biz Ltd for $1M in cash/stock; expands AI/ML capabilities

Global AI, Inc.

Total consideration $1M: $490K cash plus up to $510K in cash or 255K shares of GLAI at $2.00/share.
Acquisition includes 100% of Tectu Biz Ltd, an Israeli AI/ML company with governance, automation, and data platforms.
Closing subject to delivery of audited financials for 2023 and 2024 by a PCAOB-qualified auditor.
Post-close, Global AI expects to enter employment and option agreements totaling 5,745,000 options for GLAI shares.
Strategic rationale: expand product offerings, enter North American and European markets, and invest in generative AI.

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