Feb. 19 at 1:37 AM
Onconetix, Inc Pursuant to which
$ONCO will acquire 100% of Realbotix, LLC ("RealLLC" or the "Subsidiary"), a wholly owned subsidiary of Realbotix in an all-stock transaction.
RealLLC is a Nevada based wholly owned subsidiary of Realbotix. RealLLC focuses on the research, development, design and manufacture of AI-powered humanoid robots for use by commercial clients in consumer facing roles such as customer service, healthcare, education, hospitality and entertainment.
RealLLC is a leader in embodied and physical AI with its patented technologies enabling lifelike expressions, vision, and social interaction. Its robots are known for their highly realistic human appearance and human-centric AI models with a patented AI-Vision system. Realbotix robots are autonomous and do not require teleoperation from a human to function. RealLLC carries an estimated book value of
$1.8 million as per Realbotix's most recent financial statements, or approximately 18% of its balance sheet.
