Nextech3D.ai Plans Equity Sale in Toggle3D.ai to TQG Technologies

Nextech3D.ai has announced a Letter of Intent (LOI) to sell up to 80% of its subsidiary, Toggle3D.ai, to TQG Technologies. This strategic move aims to provide Nextech3D.ai with $610,000 in non-dilutive capital and foster growth for Toggle3D.ai under new ownership.

The transaction is structured in three phases. Initially, TQG will acquire 11 million shares for CAD $610,000. A second purchase of 5 million shares, subject to TQG's fundraising, is planned for CAD $276,000. The final acquisition phase will involve both share purchasing and asset integration.

A deposit of CAD $177,000 will be required, with further payments expected by August 2025. An additional bonus of $710,000 may apply if TQG raises at least US$5 million.