Xylo Technologies Ltd (XYLO) has released an update.
Xylo Technologies Ltd. has announced a strategic move by its affiliated company, Gix Internet Ltd., to potentially acquire a robotics company specializing in AI solutions for medical logistics through a share exchange transaction. The deal aims to bolster Gix’s footprint in the AI and robotics sector, offering significant growth opportunities. Shareholders of the robotics company will initially receive a 30% stake in Gix, with provisions to increase their shareholding based on the achievement of commercial milestones.
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