Alset AI Ventures Inc. (TSXV:GPUS) has finalized the sale of 99,000 common shares of Lyken AI Computing Inc. to FingerMotion, Inc. (Nasdaq:FNGR).
This transaction represents a 9.9 percent stake in Lyken, which has a total of 1,000,000 issued and outstanding shares.
The deal was conducted at arm's length, and no finder's fees were involved.
"Closing this transaction provides Alset with a meaningful third-party valuation marker for Lyken and adds a strategically aligned, Nasdaq-listed shareholder," said Adam Ingrao, Chief Executive Officer of Alset AI. "Alset retains a 90.1% controlling interest in Lyken while also gaining exposure to FingerMotion through the shares received. "