From GlobeNewswire: 2025-05-28 19:22:00

FOBI AI Inc. has entered into a share purchase agreement to sell all of its shares in Fobi AI Germany GmbH to an arm’s length third party purchaser for EUR 1,540,000. The Purchaser will pay EUR 1,400,000 as a cash purchase price and an additional EUR 140,000 on behalf of FOBI. The Transaction includes a license for FOBI to use the Passcreator Software for EUR 140,000, which will be assumed by the Purchaser. The sale of the German subsidiary aims to strengthen FOBI’s financial position and accelerate progress in key focus areas, according to CEO Rob Anson.

The sale is subject to approval from the TSX Venture Exchange, and the company currently faces a failure-to-file cease trade order from the British Columbia Securities Commission. FOBI, founded in 2017 in Vancouver, is a leading AI and data intelligence company that helps businesses digitally transform and future-proof their organizations. They work with global organizations across various industries and focus on personalized customer experiences and digital sustainability.



Read more at GlobeNewswire: FOBI AI Inc. Announces Sale of German Subsidiary