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Financings

Nextech3D.ai Provides Shareholder Update on Krafty Labs Acquisition and Announces New CEO Investment

By The Northwire Desk — AI Analysis Dec 23, 2025 · 08:53 NTAR · 0.16 Nextech3D.AI Corporation
NTAR · Price

Executive Summary

  • Nextech3D.ai confirmed completion of due diligence and set a closing date of January 2, 2026 for its acquisition of Krafty Labs.
  • CEO Evan Gappelberg invested $321,917 via an 18‑month convertible note (12% interest) with the option to convert into 2,299,412 common shares at $0.14 and received matching warrants.
  • The transaction is a related‑party deal exempt from MI 61‑101 valuation/minority approval requirements because it does not exceed 25 % of market capitalization; CSE approval is still required.

Key Details

  • Acquisition Target: Krafty Labs – AI‑driven event engagement technology company.
  • Financial Profile of Krafty Labs (YTD 2025): $1.2 million revenue, 72 % gross margin.
  • Closing Date: Scheduled for January 2, 2026, subject to customary conditions and CSE approval.
  • CEO Convertible Note Investment:
  • Principal amount: $321,917
  • Term: 18 months
  • Interest rate: 12 % per annum
  • Conversion option (CEO discretion): Convert into 2,299,412 common shares at a fixed price of $0.14 per share.
  • Warrants Issued to CEO:
  • Quantity: 2,299,412 warrants (one warrant per share convertible).
  • Exercise price: $0.165 per share
  • Term: 3 years from issuance.
  • Related‑Party Transaction Status: Exempt from formal valuation and minority shareholder approval under MI 61‑101 because the transaction is <25 % of market cap; still requires CSE approval.
  • Shareholder Ownership: CEO Gappelberg remains the largest shareholder with 32,757,017 common shares.
  • Strategic Rationale: Integration of Krafty Labs’ enterprise‑grade engagement capabilities expected to raise average contract values, deepen customer relationships, and expand monetization across in‑person, virtual, and hybrid events.

Notable Quotes

“We believe the acquisition of Krafty Labs, combined with my personal investment in the Company, represents a strong vote of confidence in Nextech3D.ai's direction and execution.” – Evan Gappelberg, CEO & Director
“With due diligence complete and a closing date set, we are focused on integrating Krafty Labs and accelerating growth while continuing to build long‑term shareholder value.” – Evan Gappelberg

Read the original news release →

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