other_material
confidence high
sentiment neutral
materiality 0.55
AIxCrypto sells Marizyme note package for $100K cash, royalty, and 4.99% equity in acquirer
AIxCrypto Holdings, Inc.
- Sold secured promissory note (~$4.77M principal, 18% interest) and co-development note ($1.75M) from Marizyme to CABG Acquisition Corp.
- Cash consideration $100K at closing; 10% royalty on cumulative net revenue over $20M, capped at $5.67M.
- Seller receives 4.99% membership interest in new entity (CABG SPV) formed to acquire Marizyme assets; preemptive and registration rights included.
- Closing subject to mutual agreement within 90 days; either party may terminate if not closed by then without further liability.
item 1.01item 9.01