The sale of non-core domain names to strengthen the company balance sheet and support growth.
Realbotix Corp. (TSX-V: XBOT) (Frankfurt: 76M0.F) (OTC: XBOTF) (“Realbotix” or the “Company”), a leading human-centric AI and humanoid robot manufacturer, today announced that it has successfully closed the previously announced sale of the Tokens.com domain portfolio to Bed Bath & Beyond, Inc. for total consideration of US$2.245 million.
The transaction represents the monetization of non-core digital assets and does not involve the transfer of any operating businesses, intellectual property, or liabilities of the Company. The assets carried no value on the Company’s balance sheet, making the transaction fully additive from a financial perspective.
“Closing this transaction strengthens our balance sheet at an important moment as we continue scaling the Realbotix platform and expanding commercial deployments of our humanoid robots,” said Andrew Kiguel, Chief Executive Officer of Realbotix. “This marks an important conclusion to our legacy business as we focus on AI and robotics to improve the human condition through social tasks.”
The transaction includes the sale of the Tokens.com domain name together with related domain assets including TokensArt.com, TokensGaming.com, TokensTrade.com, and TokensTrading.com.
Under the terms of the agreement, Realbotix received US$1,500,000 at closing, with additional payments of US$372,500 due on or before August 31, 2026, and US$372,500 due on or before January 31, 2027.
Explore AITechPark for the latest Artificial Intelligence News advancements in AI, IOT, Cybersecurity, AITech News, and insightful updates from industry experts!