Anonymous Intelligence Company Signs LOI to Acquire Enterprise Level Artificial Intelligence Company
Anonymous Intelligence Company, a leading decentralized network, computational intelligence and data storage technology company, focused on leveraging its proprietary Web 3.0 technology products to enable the decentralized movement among consumers and business alike, is pleased to announce that it has signed a non-binding letter of intent dated May 23, 2023 (the “LOI”), to acquire Haller.AI Technologies Inc. (“Haller” or the “Vendor”) (the “Acquisition”). Haller aggregates the world’s leading GPT3-powered apps for enterprise into a unified, best-in-class UI layer. Think ‘Google flights’ for enterprise artificial intelligence (“AI”), ‘too many flight sites, no single aggregator’. Haller is looking to turbocharge companies with an all-in-one enterprise AI dashboard.
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AI technology is changing nearly every aspect of daily lives for internet users. The Acquisition will join internally developed company assets with best-in-class AI assets, which aim to develop and commercialize AI applications for users with little to no familiarity with ‘prompting’.
Haller is being developed by CEO Tyler Koverko and his experienced team of engineers and designers. Tyler has a strong track record at the forefront of emerging technologies where he has held senior roles at various Web3 and eCommerce companies such as Tokens.com, and Polymath Network, each of which has created significant value for shareholders.
Management Commentary
“ANON is beyond pleased to enter into this agreement to acquire Haller. The top notch team at Haller and their plans to provide an enterprise level AI product to boost productivity and remove IP issues that many current AI platforms suffer from was a winner from the beginning of our search for a complimentary asset to add to the ANON portfolio of products to be launched in the near future,” said Lucas Russell, CEO of ANON. “We look forward to launching the Haller project and working with the team to boost shareholder value and revenues as quickly as possible.”
“We are delighted to join forces with the ANON team. The immediate synergies created from our partnership will allow us to capitalize on the massive shift in AI investment to enterprise solutions. ANON’s base shelf of technology combines naturally with our platform at Haller. We look forward to launching Haller 1.0 this summer and continuing to work with ANON to develop Haller’s best-in-class Enterprise AI dashboard and incubate further AI products for the market,” commented Tyler Koverko, CEO of Haller.
Acquisition Terms
Pursuant to the terms of the LOI, ANON will acquire all of the issued and outstanding shares of Haller for aggregate consideration of approximately $3,155,000 consisting of 20,000,000 common shares in the capital of the Company (the “Consideration Shares”) at a deemed issue price of $0.10 per Consideration Share and 10,000,000 bonus performance warrants (the “Consideration Warrants”) exercisable at a price of $0.25 per share for a period of five (5) years (the “Purchase Price”). The Purchase Price shall be paid to the Vendor subject to the following resale restrictions and releases based on certain milestones (the “Milestones”) achieved:
- 25% of the Consideration Shares shall be released after 4 months +1 day from the date of closing of the Acquisition (the “Closing Date”);
- 25% of the Consideration Shares shall be released after 8 months from the Closing Date;
- 25% of the Consideration Shares shall be released upon initial commercial product launch;
- 25% of the Consideration Shares shall be released upon ANON achieving revenues of $50,000 in a month; and
- 10,000,000 Consideration Warrants shall be issued upon ANON achieving revenues of $150,000 in one quarter.
In connection with the Acquisition and as consideration for the benefit in identifying and introducing to the Company the opportunity to complete the Acquisition, the Company will pay a finder’s fee to an arm’s length party consisting of 2,000,000 common shares of the Company (the “Finder’s Shares“) on the Closing Date. The Consideration Shares, Consideration Warrants and the Finder’s Shares issuable in connection with the Acquisition will be subject to a four month hold period in accordance with applicable securities laws.
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The Acquisition is an arm’s length transaction and will not constitute a fundamental change or result in a change of control of the Company, within the meaning of the policies of the CSE.
The Acquisition is subject to conditions precedent as is customary for transactions of a similar nature, including but not limited to completion of due diligence, negotiation of a definitive agreement, satisfaction of the conditions negotiated therein and receipt of all necessary regulatory approvals, including, as applicable, all required filings with the Canadian Securities Exchange (the “CSE”). There can be no assurance that a definitive agreement will be entered into or that the Acquisition will be consummated on the terms or timeframe currently contemplated, or at all.
The Company also wishes to announce that it has retained Lakefront Enterprises Inc. (“Lakefront”) to provide market awareness and consulting services including content creation, web development and media distribution for a fee of $60,000. Lakefront will not receive shares, options or other securities as compensation. Lakefront is a consulting firm based in Vancouver, British Columbia. The Company is at arm’s length with Lakefront, and neither Lakefront nor its principal has any interest, directly or indirectly, in the securities of the Company or has any right or intent to acquire such an interest.
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