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AIBotics Acquires NovaCore Labs Assets From PlayJamaica
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AIBotics Acquires NovaCore Labs Assets From PlayJamaica
  • AIBotics completed its acquisition of NovaCore Labs' operating assets from PlayJamaica, expanding its technology platform in Jamaica.
  • Consideration comprised 22,500 shares of Series B Preferred Stock with an aggregate stated value of $225,000.
  • The agreement provides for up to $3 million in additional Series B Preferred Stock over four years, tied to revenue milestones.
  • Cumulative gross-revenue milestones of $500,000, $1.5 million, $3 million and $5 million each trigger $750,000 in additional preferred-stock consideration.
  • Acquired assets include robotics and drone equipment, mapping capabilities and intellectual property, supporting expansion across the Caribbean.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Aibotics Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610161652PRIMZONEFULLFEED9847658) on October 16, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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