other_material
confidence high
sentiment neutral
materiality 0.50
GBT Technologies forms defense JV with VisionWave and AIPHEX; GBT and Tokenize own 6.48% combined
GBT Technologies Inc.
- JV LLC owned 46.76% VWAV, 46.76% AIPHEX, 6.08% TOKENIZE, 0.40% GBT; equity allocated based on $5B internal value.
- GBT contributes 2,020,500 VWAV shares; TOKENIZE contributes 897,102 VWAV shares and its IP portfolio.
- AIPHEX contributes classified Designated Projects; VWAV and AIPHEX grant non-exclusive IP licenses to JV.
- 7-year term; JV voids if no revenue from Designated Projects within 12 months of formation.
- Referral fee of 700,000 GBT shares (from JV contributions) and 2% of JV revenue to non-affiliated third party.
item 1.01item 9.01