Guardforce AI completed the acquisition of 100% of MGAI, a Hong Kong holding company. MGAI holds about 61.85% of Shenzhen Muyan Education Technology Consulting, giving Guardforce AI indirect majority control of Muyan Education. The consideration was USD 300,000 in cash and 5 million restricted ordinary shares. The restricted shares are subject to performance-based vesting tied to revenue milestones through 2028.
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