- Xigem Technologies ( OTCPK:XIGMF ) to purchase substantially all of the assets of EAFdigital for $892,450.
- EAFdigital is an AI driven, SaaS fueled automobile shopping and delivery platform for the $1.5T global used automobile market.
- The asset purchase agreement is the definitive agreement governing the company's previously announced acquisition of EchoDigital.
- EchoDigital is projecting receiving gross royalties of ~$8.2M, resulting in net royalty revenues of ~$0.3M, on EAF GROUP sales for the calendar year ending December 31, 2023.
For further details see:
Xigem Technologies to acquire AI powered automotive shopping platform EchoDigital