Greenpro Issues 8.5M Shares to Acquire AI Provider Forekast Generating $21M Revenue
Greenpro Capital completed a share exchange acquiring an equity interest in Forekast Limited, an AI data analytics provider generating $21 million in annual revenue and $1.6 million EBITDA. The company issued 8.5 million restricted shares and reaffirmed it will not raise equity below $15 per share.
1. Acquisition Details
Greenpro Capital Corp. completed a strategic share exchange acquiring an equity interest in Forekast Limited, a Malaysia-based augmented intelligence data analytics provider. The transaction complied with listing rules and saw Greenpro issue 8.5 million restricted common shares to Forekast shareholders.
2. Financial Profile of Forekast
Forekast Limited generates approximately $21 million in annual revenue with $1.6 million in EBITDA. The company specializes in augmented intelligence solutions for customer experience enhancement, workforce optimization and enterprise decision-making.
3. Strategic Impact and Future Plans
Greenpro plans to integrate Forekast’s AI capabilities into its advisory services, ESG initiatives and digital finance platforms to accelerate revenue growth and enhance shareholder value. Management reaffirmed it will not raise additional equity below $15 per share, consistent with prior guidance.