• Substrate AI will acquire three subsidiaries from parent Subgen AI for EUR 40.5 million, consolidating the group's AI operations.
• The purchase covers 92% stakes in Deltanova in Uruguay and BINIT in Argentina, alongside full ownership of Subgen AI Spain.
• Consideration includes EUR 5 million in Class A and Class B shares, with EUR 25.3 million settled through debt cancellation.
• The remaining EUR 10.2 million comprises mandatorily convertible bonds maturing in eight years, carrying 7% annual interest compounded and payable in shares.
• Closing is expected within 15 business days of conditions being met or waived, including shareholder approvals at both companies.

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. Substrate Artificial Inteligence SA published the original content used to generate this news brief on November 06, 2026, and is solely responsible for the information contained therein.