AIBotics, Inc. (OTCID: AIBT) has completed its acquisition of the operating assets of NovaCore Labs from PlayJamaica Limited, expanding its presence in Jamaica and across CARICOM. The assets include 10 service robots, six commercial drones, mapping equipment, a mapping vehicle, and the NovaCore brand and intellectual property. The consideration is 22,500 shares of Series B Preferred Stock with a stated value of $225,000, plus an earn-out of up to $3.0 million in additional preferred stock if cumulative gross revenue reaches $500,000, $1.5 million, $3.0 million and $5.0 million over four years. Gregory Moore will lead the business as president, with a budget targeting $1.0 million of capital deployment over 12 months, while NovaCore plans to expand AI, LiDAR and geospatial services, drone operations, automation, and training programs with the University of the West Indies Global Campus and the University of Technology.
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GOOGL
• NeutralAlphabet Inc. (Class A)
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.3T |
| Close on 10/16/2026 | 340.59 |
| Change that session | -2.47% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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AIBotics (OTC: AIBT) has completed its acquisition of the operating assets of NovaCore Labs from PlayJamaica Limited, including the brand, software, customer contracts, 10 service robots, six commercial drones and mapping equipment. The company plans to expand AI, LiDAR and geospatial services, drone operations, automation, and training programs with the University of the West Indies Global Campus and the University of Technology in Jamaica and the broader CARICOM region. The consideration is 22,500 shares of Series B Preferred Stock with a stated value of $225,000, plus an earn-out of up to $3.0 million over four years tied to cumulative gross revenue milestones of $500,000, $1.5 million, $3.0 million and $5.0 million. Gregory Moore will serve as President of the operating subsidiary, and the parties target $1.0 million of capital deployment over 12 months.
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