Edge Total Intelligence Completes BlockX Merger

Edge Total Intelligence Inc (TSE:CTRL) has released an update.

Edge Total Intelligence Inc. has successfully completed a strategic three-cornered merger with BlockX, acquiring all issued shares and consolidating their position with the creation of EdgeAI Technologies Inc. The deal, valued at $1.7 million, allows the company to sidestep development costs exceeding $3 million and was negotiated at arm’s length despite sharing a common CFO with the acquired entity. An additional fee was paid to a finder, demonstrating the company’s commitment to expand its market presence and capabilities.

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