Nightfood Holdings (OTCQB: NGTF), a company specializing in AI-powered automation for the hospitality industry, has signed a letter of intent to acquire Skytech Automated Solutions Inc., a Delaware-based innovator in robotic automation and smart service technologies. The deal, valued at approximately $6.2 million, includes $1.2 million in Series C Preferred Stock at closing and up to $5 million in performance-based earnout payments tied to revenue milestones. The acquisition aligns with Nightfood’s strategy to scale AI-driven automation across hospitality, food service, and senior care sectors, reinforcing its leadership in the Robot-as-a-Service market. A definitive agreement is expected in Q2 2025 following a 30-day due diligence period.
To view the full press release, visit https://ibn.fm/KnGTD
About Nightfood Holdings Inc.
Nightfood is a forward-thinking holding company dedicated to identifying and capitalizing on explosive market trends within the hospitality, food services, consumer packaged goods and commercial real estate sectors. The company’s mission is to create unparalleled upside potential in industries ripe for innovation and growth by leading newly emerging categories and seizing opportunities in markets undergoing transformational upheaval. Nightfood is at the forefront of introducing and deploying artificial intelligence-enabled robotics products, revolutionizing operational efficiencies and customer experiences across the company’s focus areas. Additionally, the company is committed to developing and marketing wellness-focused consumer packaged goods, meeting the growing demand for healthier and functional options. Through these strategic initiatives, Nightfood endeavors to drive significant value and growth for its stakeholders. For more information, visit the company’s website at www.NightFood.com.
NOTE TO INVESTORS: The latest news and updates relating to NGTF are available in the company’s newsroom at http://ibn.fm/NGTF
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