NCRA - Nocera to acquire 51% interest in iTake for $200K plus 100k class A warrants
- Nocera ( NASDAQ: NCRA ) to acquire a 51% controlling interest in Taiwan based iTake Inc., is an artificial intelligence of things company (AIOT) that combines artificial intelligence computing and internet communication.
- The total consideration of iTtake's controlling interest is $200K plus 100K class A warrants.
- Through the move, Nocera will use AIOT way to sell and deliver seafood and other food products to it's customers through iTake's Smart Cabinets.
- Both firms are also working together to make smart frozen cabinets for the delivery of its frozen seafood.
- The deal is expected to increase current revenues by up to $3M with potentially $1M gross profit.
- The acquisition is anticipated to close by November 15, 2022.
For further details see:
Nocera to acquire 51% interest in iTake for $200K plus 100k class A warrants