Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) shares rose 11% on Tuesday after the AI-powered event management company said it has signed a binding letter of intent (LOI) to acquire Eventdex, a registration and badge-printing software company.
The purchase price for Eventdex is about $700,000, payable entirely in cash subject to customary adjustments.
Eventdex, which serves more than 60 customers, generated about $750,000 in revenue for 2024 and around $500,000 year-to-date in 2025.
The company noted that the business combination unifies Map D's floor mapping with Eventdex's registration and badge printing and fast-tracks Nextech3D.ai's blockchain ticketing roadmap.
A 30-day due diligence period has begun and both companies expect to proceed to closing on or before October 19, 2025, which is subject to satisfactory completion of diligence, negotiation of definitive agreements, and customary approvals.