LONDON - StreaksAI PLC (LSE: STK), a generative AI company from the UK, has invested £250,000 in Singapore-based Roundhouse Media Pte Ltd, a media studio with a focus on non-fungible tokens (NFTs). This investment grants StreaksAI a 14.68% ownership stake in Roundhouse, which is also expanding its products into the cryptocurrency and AI Agent sectors.
The transaction is noteworthy as it is classified as a related party transaction. Mike Edwards, serving as a director for both StreaksAI and Roundhouse, necessitated this classification under the Disclosure Guidance and Transparency Rules. The directors of StreaksAI, excluding Edwards, have endorsed the investment as fair and reasonable for shareholders.
StreaksAI's board believes that the sectors Roundhouse is involved in are experiencing growth and that this strategic investment has the potential to yield positive returns for its shareholders. Roundhouse's involvement in the burgeoning areas of cryptocurrency and AI Agents, coupled with its existing NFT initiatives, positions it at the intersection of significant technological trends.
The deal is expected to align with StreaksAI's broader interests in generative AI and to complement its existing portfolio. It is also indicative of the increasing interest and financial flows into digital assets and AI technology sectors.
StreaksAI's investment in Roundhouse reflects a continued trend of cross-border investments in technology and digital media, especially within the realm of AI and blockchain-related ventures. By acquiring a stake in Roundhouse, StreaksAI is not only diversifying its investment portfolio but also tapping into new markets and technological frontiers.
The information regarding this investment was previously classified as inside information under the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. However, with the public release of this announcement, the information is now in the public domain. This investment news is based on a press release statement from StreaksAI PLC.
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