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GBT Technologies (GTCH) has issued an announcement.
GBT Tokenize Corp. has struck a deal to sell key machine learning patents for radio wave-based imaging technologies to VisionWave Technologies Inc. for $30 million, payable in common stock. The deal is significant as it transfers ownership of patents critical for creating 2D/3D images of objects in motion, and includes a clause allowing for adjustment of the final price based on an independent valuation, with an option for GBT Tokenize to back out if the valuation falls short.
For detailed information about GTCH stock, go to TipRanks’ Stock Analysis page.