Nexscient Signs Letter of Intent to Acquire Flipside AI
Nexscient (OTCQB:NXNT) has signed a Letter of Intent to acquire Flipside AI, a Philippines-based provider of data labeling and annotation services, for $5.94 million through a combination of cash, convertible debenture, and restricted common stock.
The acquisition strengthens Nexscient's AI capabilities, with Flipside AI having generated $9.2 million in revenues over the past four years. As part of the deal, Flipside AI's CEO Anthony De Luna will sign a five-year executive employment agreement and join Nexscient's Board of Directors.
The acquisition positions Nexscient in the rapidly growing AI data training market, projected to reach $92.4 billion by 2034 with a 22% CAGR, while the global data annotation tools market is expected to grow to $23.11 billion by 2032.
Nexscient (OTCQB:NXNT) ha firmato una Lettera di Intenti per acquisire Flipside AI, un fornitore filippino di servizi di etichettatura e annotazione dati, per un valore di 5,94 milioni di dollari tramite una combinazione di contanti, obbligazioni convertibili e azioni ordinarie vincolate.
L'acquisizione rafforza le capacit脿 di intelligenza artificiale di Nexscient, dato che Flipside AI ha generato 9,2 milioni di dollari di ricavi negli ultimi quattro anni. Nell'ambito dell'accordo, il CEO di Flipside AI, Anthony De Luna, firmer脿 un contratto esecutivo quinquennale e entrer脿 a far parte del Consiglio di Amministrazione di Nexscient.
L'acquisizione posiziona Nexscient nel mercato in rapida crescita della formazione dati per l'IA, previsto raggiungere 92,4 miliardi di dollari entro il 2034 con un CAGR del 22%, mentre il mercato globale degli strumenti di annotazione dati dovrebbe crescere fino a 23,11 miliardi di dollari entro il 2032.
Nexscient (OTCQB:NXNT) ha firmado una Carta de Intenci贸n para adquirir Flipside AI, un proveedor filipino de servicios de etiquetado y anotaci贸n de datos, por 5,94 millones de d贸lares mediante una combinaci贸n de efectivo, deuda convertible y acciones comunes restringidas.
La adquisici贸n fortalece las capacidades de IA de Nexscient, ya que Flipside AI gener贸 9,2 millones de d贸lares en ingresos durante los 煤ltimos cuatro a帽os. Como parte del acuerdo, el CEO de Flipside AI, Anthony De Luna, firmar谩 un contrato ejecutivo por cinco a帽os y se unir谩 al Consejo de Administraci贸n de Nexscient.
La adquisici贸n posiciona a Nexscient en el mercado de entrenamiento de datos para IA de r谩pido crecimiento, que se proyecta alcance los 92,4 mil millones de d贸lares para 2034 con una Tasa de Crecimiento Anual Compuesta (CAGR) del 22%, mientras que el mercado global de herramientas de anotaci贸n de datos se espera que crezca hasta 23,11 mil millones de d贸lares para 2032.
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Nexscient (OTCQB:NXNT) a sign茅 une lettre d'intention pour acqu茅rir Flipside AI, un fournisseur bas茅 aux Philippines de services d'茅tiquetage et d'annotation de donn茅es, pour un montant de 5,94 millions de dollars via une combinaison de liquidit茅s, de d茅bentures convertibles et d'actions ordinaires restreintes.
Cette acquisition renforce les capacit茅s en intelligence artificielle de Nexscient, Flipside AI ayant g茅n茅r茅 9,2 millions de dollars de revenus au cours des quatre derni猫res ann茅es. Dans le cadre de l'accord, le PDG de Flipside AI, Anthony De Luna, signera un contrat de travail ex茅cutif de cinq ans et rejoindra le conseil d'administration de Nexscient.
Cette acquisition positionne Nexscient sur le march茅 en forte croissance de la formation des donn茅es pour l'IA, qui devrait atteindre 92,4 milliards de dollars d'ici 2034 avec un taux de croissance annuel compos茅 (CAGR) de 22%, tandis que le march茅 mondial des outils d'annotation de donn茅es devrait cro卯tre jusqu'脿 23,11 milliards de dollars d'ici 2032.
Nexscient (OTCQB:NXNT) hat eine Absichtserkl盲rung zur 脺bernahme von Flipside AI, einem auf den Philippinen ans盲ssigen Anbieter von Datenkennzeichnungs- und Annotationsdiensten, f眉r 5,94 Millionen US-Dollar unter Verwendung einer Kombination aus Bargeld, wandelbaren Schuldverschreibungen und eingeschr盲nkten Stammaktien unterzeichnet.
Die 脺bernahme st盲rkt die KI-F盲higkeiten von Nexscient, da Flipside AI in den letzten vier Jahren 9,2 Millionen US-Dollar Umsatz erwirtschaftet hat. Im Rahmen des Deals wird der CEO von Flipside AI, Anthony De Luna, einen f眉nfj盲hrigen Anstellungsvertrag f眉r F眉hrungskr盲fte unterzeichnen und dem Vorstand von Nexscient beitreten.
Die 脺bernahme positioniert Nexscient im schnell wachsenden Markt f眉r KI-Datentraining, der voraussichtlich bis 2034 92,4 Milliarden US-Dollar erreichen wird, mit einer j盲hrlichen Wachstumsrate (CAGR) von 22%, w盲hrend der globale Markt f眉r Datenannotationswerkzeuge bis 2032 auf 23,11 Milliarden US-Dollar wachsen soll.
- Strategic acquisition valued at $5.94M enhances AI data training capabilities
- Flipside AI brings proven revenue generation of $9.2M over four years
- Retention of key leadership with 5-year commitment from Flipside AI's CEO
- Entry into high-growth market with AI data training projected at $92.4B by 2034
- Geographic expansion into Southeast Asia strengthens global presence
- Non-binding LOI indicates deal is not yet finalized
- Additional capital investment required in subsequent years
- Assumption of key operating liabilities as part of the deal
Expanding Nexscient's Global Portfolio of AI-Powered Platforms and Services
LOS ANGELES, CA / / August 6, 2025 / Nexscient, Inc. (OTCQB:NXNT), a leading innovator in artificial intelligence ("AI") applications and intelligent enterprise solutions, announced today that it has executed a non-binding Letter of Intent (LOI) to acquire substantially all of the assets of Flipside Digital Content Company, Inc., a Philippines-based provider of high-quality data labeling, annotation, and digital transformation services ("Flipside AI"). This acquisition marks a significant step in Nexscient's strategy to build a global portfolio of AI-powered platforms and services.
Under the terms of the LOI, Nexscient will acquire substantially all of Flipside AI's operating assets for a total consideration of approximately
"We are thrilled to welcome Flipside AI into the Nexscient family," said Fred E. Tannous, President and CEO of Nexscient, Inc. "This acquisition enhances our capabilities in data labeling and annotation - key components of the AI data training pipeline. Generating over
"Joining Nexscient represents an exciting new chapter for Flipside," added Anthony De Luna, President and CEO of Flipside AI. "This partnership provides the strategic capital, international platform, and executive leadership to take our AI data services business to new heights. Together, we aim to become a global force in providing transformative data solutions."
The global AI data training market is projected to grow substantially, rising from an estimated
1 Data Labeling Solution and Services Market, FactMR (Apr. 2024)
2 Worldwide Artificial Intelligence Systems Spending Guide, IDC (Aug. 2024)
3 Data Annotation Tools Market, Astute Analytica, (Nov. 2024)
About Nexscient, Inc.
Nexscient [OTCQB: NXNT] is an emerging-growth company that's building a global collaborative network of intelligent enterprise applications and technologies through internal development, synergistic acquisitions, and capital investments in companies involved in machine learning, artificial intelligence, and the Industrial Internet of Things technologies. As part of our growth strategy, we also seek to acquire and integrate synergistic AI and machine learning companies and technologies into our collaborative network, further expanding our service offerings while enhancing shareholder value. For more information, please visit .
About Flipside Digital Content Company, Inc.
Flipside AI is a premier data engineering company that blends top-tier human expertise with advanced technologies to deliver high-quality data annotation and transformation services. We empower global enterprises across diverse industries to unlock the full potential of their data, enabling them to develop fast, accurate, and scalable AI applications. For more information, please contact us at [email protected]
Forward-Looking Statements
This release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Nexscient, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy; and (iv) performance of our products and services. You can identify these statements by the use of the words "may," "will," "could," "should," "would," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," "likely," "forecast," "probable," "potential," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Nexscient's ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. These risks and uncertainties also include such additional risk factors as are discussed in the Company's filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2024, Forms 10-Q and 8-K, and in other filings we make with the Securities and Exchange Commission from time to time. These documents are available on the SEC Filings section of the Investor Relations section of our website at . The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.
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COMPANY CONTACT:
Nexscient, Inc.
Fred E. Tannous, President & CEO
Email: [email protected]
Phone: +1 (310) 494-6620
Web:
SOURCE: Nexscient, Inc.
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