RE: Analysis8 Nov 2025 21:58
Maybe an IPO could be for SEA-VOO AI Asia which SCGL, EVOO and Vacuumlabs have been developing? as mentioned by others the issue of a prospectus brings access to the remaining funding from Mr. Cheuk Lun Ng CLN
SEA-VOO PARTNERSHIP TERMS
- Sealand has secured exclusive rights to EVOO's Olive* platform for the APAC region, including markets such as China, Japan, South Korea, Taiwan, Thailand, Singapore, Vietnam, Malaysia, Hong Kong (China), Myanmar, and Macau (China), for an initial period of five years under the name "SEA-VOO".
- Under the partnership terms, EVOO retains all rights, including Intellectual Property Rights, to the Platform, however all Intellectual Property Rights created exclusively for Sealand, including the Custom Application tailored for the APAC market, will be owned by Sealand.
- SCG shall be lead financier and co-developer in the commercialisation and build-out of SEA-VOO for which is estimated to require initial funding of $1,000,000 USD.
- EVOO will be responsible for the development and maintenance of the SEA-VOO platform, with Sealand providing initial funding support.
- EVOO will receive a net platform revenue royalty of 10% from all revenues generated through the SEA-VOO platform in the APAC region.
- Sealand will benefit from a waiver of the annual license fee for the first four years of the contract. After the fourth year, EVOO retains a buy-back right, which can be exercised with a termination payment equal to the greater of $1,000,000 or the total net platform revenue from the preceding 24 months.
https://www.lse.co.uk/rns/SCGL/conditional-issue-of-equity-and-issue-of-cln-gqo1fc08fbgovv2.html
https://www.lse.co.uk/rns/SCGL/formation-of-8216sea-voo-ai-asia8217-zzht4r504sspjno.html