CPT — contract detail

Normal2026-10-07 10:56:03 (UTC+0)spyzer

Made this for the CPT holders since there was a lot of confusion on the whole situation. Empulser update: the AIBotics deal and the final ACE round (solana:9XWWHExgN4yvyLRskzzfcr5AcBaqQ6UtwcDSVpUBsoar → SAFE) TL;DR • Empulser has signed a definitive agreement to be acquired by AIBotics, Inc. (OTC: AIBT). The price is up to 2.2M shares of AIBotics Series C Preferred Stock, at a stated value of $10 per share, so up to $22M in total. The deal has not closed yet. • Holding CPT does not give you any share of that deal. The only way to turn CPT into a stake in Empulser, and through it into AIBotics shares, is to convert it in the ACE round on MetaLeX. • This is the final ACE round. It is first-come-first-served and closes around Oct 31, 2026. So far 1.07M of the 4.44M CPT cap has been converted, which leaves room for about 3.37M CPT. • If you don't want to convert, your other option is to sell before the round closes. • The round is not open to U.S. nationals and other sanctioned countries. MetaLex ACE Round: https://t.co/sdPGXNzPdx 1) What's happening On Oct 2, 2026, Empulser Enterprises LLC signed a share exchange agreement with AIBotics, Inc. AIBotics will acquire 100% of Empulser, and Empulser will become a wholly owned subsidiary. Patrick Tsang is expected to become CEO and a director of AIBotics when the deal closes. Before it can close, the deal needs a due diligence period, audited financials, and AIBotics being up to date with its filings. Either side can walk away if it hasn't closed by about Jan 2, 2027. 2) How CPT becomes equity CPT → ACE SAFE → Empulser equity → AIBotics Series C Preferred → (optional) AIBT common stock • CPT → SAFE. You send CPT into the round and receive an ACE SAFE sent into your wallet. This is a legally binding SAFE, issued as an NFT certificate to your Base wallet. The round is priced in CPT with a valuation cap of 100M CPT, so 1,000,000 CPT tokens converted = 1% of Empulser (and 100,000 CPT = 0.1%). • SAFE → equity. A SAFE converts when the company is acquired. When the AIBotics deal closes, your SAFE converts into your share of Empulser. Empulser's equity is then exchanged, pro rata, for AIBotics Series C Preferred Stock. • Series C Preferred. Each share has a $10 stated value, pays no dividends and generally has no voting rights. You can convert it into AIBT common stock whenever you choose. The conversion price is AIBT's closing price on the trading day before the deal closes. • Selling. These are restricted securities. They can't be sold on the public market until an exemption applies, typically after the Rule 144 holding period. Treat this as a long-term hold. 3) Milestones: where most of the value is Only 10% of the shares (220,000) are issued when the deal closes. The other 90% are released in ten tranches of 9% (198,000 shares each) as Empulser hits these milestones within 36 months after closing. This structure is called an earn-out: most of the purchase price is only paid if Empulser delivers on these milestones. Personally, I also see some characteristics of a reverse merger: Patrick Tsang is set to become CEO of AIBotics, and if all the shares are earned and converted, Empulser's holders could end up owning a large part of AIBotics. --First core product/system patent application filed --Second core product/system patent application filed --First wireless power-transfer patent application filed --Core product/system patent allowed or issued --Wireless power-transfer patent allowed or issued --MVP completed and demonstrated --Successful 2-minute controlled flight --Successful flight with the power-transfer system working --Empulser system accepted into a formal test, evaluation or pilot program --$500,000 in cumulative revenue If a milestone isn't hit within the 36 months, its shares are cancelled. 4) Value: selling vs. converting (This example uses 100,000 CPT, with CPT price at about $0.034 (Oct 7):) • Sell now: about $3,385 before slippage (about $0.034 per CPT) • Convert, at closing (10% tranche): 220 Series C shares = $2,200 stated value ($0.022 per CPT) • Each milestone hit: +198 shares = +$1,980 stated value (+$0.0198 per CPT) • All 10 milestones hit: 2,200 Series C shares = $22,000 stated value ($0.22 per CPT) On paper, converting comes out ahead of today's CPT price once the closing tranche and one milestone have been released. If all ten milestones are hit, it is about 6.5x today's price. But those numbers depend on two things that aren't final yet: • How many of the AIBotics shares CPT converters actually get. The Series C shares aren't issued to Empulser as a company. They're split among Empulser's equity holders according to an allocation list in the agreement (Schedule A), which is still being finalized and will only be delivered before closing. The figures above assume every 1M CPT converted gets 1% of the total. If the final split gives SAFE holders a smaller share, every number above shrinks by the same proportion. • What a Series C share is really worth when you convert and sell. $10 is a stated value, not a market price and not cash. Each Series C share converts into AIBT common stock at AIBT's price the day before closing. At around $0.0018, one Series C share would become roughly 5,500 common shares. AIBT has about 890M common shares today, so even the 220,000 shares issued at closing would convert into more common shares than currently exist, and the full 2.2M would create over 12 billion. That much new stock puts heavy pressure on the price, which is why AIBT fell on the news. The $22M is a ceiling, not a guaranteed value: what you actually get depends on AIBT's share price and trading volume when you sell. Also, no holder can convert into more than 4.9% of AIBT's common stock at a time, so larger positions will have to convert in stages. Read this before deciding: • $10 per share is a stated value. It is not a market price and it is not cash. What you actually get when you sell depends on AIBT's share price and trading volume at that time. AIBotics is a small OTC-listed company, and if the full $22M is earned and converted into common stock, a large number of new AIBT shares will be created. • The deal hasn't closed. If it doesn't close, your SAFE stays a SAFE in Empulser and converts at a future priced round, acquisition or IPO instead. • The milestones are targets, not guarantees. • The SAFE can't be transferred or sold, so treat it as illiquid. 5) How to convert, step by step You'll need: • An NFC-chip passport. Some NFC national ID cards also work, but a passport is the safest bet. + the zkPassport app on your phone • An EVM wallet on Base with a little Base ETH (like $1 or so) for the transaction • Your Solana wallet holding your CPT, plus about 0.01 SOL for bridging Steps: --Open the round link and connect your Base wallet. --When the privacy prompt appears, choose Stay Anon if you don't want to be publicly listed as an investor in the round. --Eligibility (KYC) check: scan your passport in the zkPassport app. This proves you are not a U.S. national and not from a sanctioned country, without revealing who you are. Submitting the proof is a small Base transaction. --Fill in the investment form: name, contact details, investor type, and the amount of CPT (the minimum is 1 CPT). The SAFE is a legal contract, so it needs your real details. Turn on encryption in the privacy settings. With encryption on, your name and contact details are masked on the public certificate and only you and Empulser can decrypt them. If you leave encryption off, your name is visible on-chain permanently. --Let it bridge your CPT. CPT is on Solana and the round runs on Base. Connect your Solana wallet inside the form. The bridge on the page moves CPT from Solana to Base. It takes one signature and usually a few minutes (up to about 10). --Sign and invest. Because the round is first-come-first-served, your SAFE is accepted and minted to your wallet straight away. 6) Accessing your SAFE later • Your SAFE is an NFT certificate in your Base wallet. You can see it under 'My Portfolio' on https://t.co/VbdlGVkLHE and download a PDF of the certificate there. • Your wallet is the key to everything: your holdings, the conversion and decrypting your details all follow it. Back up your seed phrase and and use another wallet for your DeFi activities to minimise risk of losing sole access to it. • Heads-up: "Stay Anon" and encryption only cover the public, on-chain record. When shares are issued by a public company, your details will likely need to be shared with AIBotics and its transfer agent. Who can't participate U.S. nationals (this is a Reg S round) and holders of passports from sanctioned countries. If that's you, your options are to keep or sell your CPT. This is not financial or legal advice. The ACE SAFE is a legally binding agreement, so read it before you sign. This post is not an offer to U.S. persons. Links: • ACE round: https://t.co/sdPGXNzPdx • Share exchange agreement (SEC filing): https://t.co/ZO1P6CsVKf • AIBotics announcement: https://t.co/Q85aSD5D0Z

Token: Empulser Enterprises ($CPT)

Tweet price: $0.03312

Tweet + 1h price: $0.03114

Price change: -5.98%