ModuLink Inc. (MDLK): M&A transaction — ModuLink completes 60% acquisition of ASA Robotics for HKD 5M in preferred stock

ModuLink Inc.

Acquired 60% of ASA Robotics via wholly owned MITL; consideration: 6,500 Series A preferred shares valued at ~USD 641,026.
ASA Robotics FY2026 revenue HK$1.6M (+213% YoY); gross profit HK$1.0M; gross margin improved to 60.5% from 10.1%.
Remaining 40% held by minority shareholders; ASA Robotics becomes a majority-owned subsidiary effective April 23, 2026.
Board reconstituted; parties to enter amended shareholders' agreement reflecting new governance.
Luna AI healthcare monitoring solution remains a key growth initiative with recurring revenue model.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

ModuLink Inc. completed an acquisition involving Wah Shing Lam for HKD 5,000,000 (approximately USD 641,026) (closed 2026-04-23).

Action: acquisition
Counterparty: Wah Shing Lam
Consideration: HKD 5,000,000 (approximately USD 641,026)
Closing: 2026-04-23

Exact text from the filing

for the acquisition, the Company issued 6,500 shares of its Series A Convertible Preferred Stock to Mr. Lam, representing an aggregate consideration of approximately HKD 5,000,000 (approximately USD 641,026). Following completion of the transaction, ASA Robotics became a majority-owned subsidiary of the Company. The remaining 40% equity interest in ASA

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ModuLink Inc. filing history →

Source: SEC EDGAR

accession 0001683168-26-003177

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