Mergers & Acquisitions ·
SecureTech acquires exclusive QSTAK blockchain license and 15% stake in $26.5M deal
SCTHSecuretech Innovations, Inc.
SecureTech Innovations closed a strategic transaction with QStak Holding, acquiring an exclusive, worldwide license to QStak’s blockchain, exchange, wallet, and post-quantum technologies, while forming a joint venture, QStak Market, LLC, to commercialize the assets. SecureTech obtained a 15% net ownership interest in QStak for $4.5 million paid in Series A Preferred Stock and secured the license with up to $22 million in newly designated Series B Preferred Stock issued in tranches based on revenue milestones and stock price performance. The company also redeemed existing Series A Preferred shares for common stock and issued additional equity for consulting fees and director nominees. SecureTech Innovations is a diversified technology holding company operating across artificial intelligence-driven manufacturing, blockchain-based digital infrastructure, and vehicle security systems.