Hexima Ltd (AU:HXL) has released an update.
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Hexima Ltd has announced a share sale agreement to acquire AI leader Real Thing Entertainment, involving the issue of shares and options, and a capital raise of up to $7.5 million. As part of the deal, Hexima plans to appoint new senior management and will rebrand as RealThing AI Limited upon acquisition completion, subject to shareholder and regulatory approvals. The acquisition aims to position Hexima at the forefront of AI technology, specifically benefiting the visually impaired in the UK and USA markets.
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