Nextech3D.AI completes due diligence process for Krafty Labs acquisition

Nextech3D.ai (NEXCF) provided shareholders with an update on its previously announced acquisition of Krafty Labs, a revenue generating AI-driven event engagement and experiential technology company serving global enterprise customers. The Company confirmed that the due diligence process has been completed, and the acquisition of Krafty Labs is scheduled to close on January 2, 2026, subject to customary closing conditions including CSE approval. In connection with the Company’s continued execution and growth strategy, Evan Gappelberg, CEO of Nextech3D.ai, has committed to invest $321,917 directly into the Company through an 18-month convertible note bearing 12% annual interest. Key terms of the CEO investment include: Term: 18 months; Interest Rate: 12% per annum; Conversion Option: At the CEO’s sole discretion, the note may be converted into 2,299,412 common shares at a fixed conversion price of $0.14 per share; Warrants Issued: As compensation, the CEO will receive 2,299,412 common share purchase warrants; Warrant Terms: Exercise Price: $0.165 per share Term: 3 years. Mr. Gappelberg will continue to be the Company’s largest shareholder, currently owning 32,757,017 common shares.