Lavish Enterprises Acquires Exclusive Rights to Fleetpath AI System, Promises 15% Royalty on Revenue
VXIT has more than doubled off its 52-week low of $0.
Summary
Lavish Enterprises has acquired exclusive, perpetual rights to Fleetpath, an AI-native operating system designed for the trucking industry. As part of the agreement, Lavish will pay a 15% royalty on net revenue generated from the Fleetpath technology and will issue Series A preferred stock convertible into 1 billion common shares. For VirExit Technologies, a micro-cap company, this deal represents a potentially transformative event, establishing a significant future revenue stream from a technology targeting a nearly $1 trillion market. The royalty structure and the equity component suggest a substantial valuation for the Fleetpath technology. Investors will be watching for further details on the commercialization strategy and projected revenue impact on VirExit Technologies.
At the time of this announcement, VXIT was trading at $0.00 on OTC in the Technology sector, with a market capitalization of approximately $7.5M. The 52-week trading range was $0.00 to $0.00. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.