Fifty 1 Labs to Acquire BioSpark AI Technologies in Strategic Healthcare AI Expansion

Fifty 1 Labs, Inc. (OTC: FITY) has signed a Letter of Intent to acquire BioSpark AI Technologies Inc., a Vancouver-based developer of patented artificial intelligence systems for clinical data extraction and real-time analysis. The acquisition includes BioSpark's proprietary large language model ensemble technology and intellectual property, along with a contingent payment of 25 million common shares tied to revenue milestones. This strategic move advances Fifty 1 Labs' ongoing initiative to deliver transformative AI-powered healthcare and biotechnology solutions to the market.

The acquisition represents a significant expansion of Fifty 1 Labs' technological capabilities in the healthcare AI space. BioSpark AI Technologies brings specialized expertise in clinical data processing, which complements Fifty 1 Labs' existing focus on drug discovery through artificial intelligence applications. The integration of BioSpark's technology is expected to enhance the company's ability to analyze complex medical data and accelerate the development of innovative healthcare solutions.

Fifty 1 AI Labs, a subsidiary of Fifty 1 Labs, has been actively working to redefine drug discovery by using artificial intelligence to unlock new potential in proven medicines. The company's approach focuses on repurposing safe, off-patent compounds to accelerate smarter therapies that improve patient outcomes while reducing healthcare costs. This methodology has positioned the company as an emerging player in the AI-driven healthcare innovation sector, creating potential value for patients, partners, and investors alike.

The transaction structure includes performance-based incentives through the contingent share payment arrangement, aligning the interests of both companies toward achieving specific revenue targets. This acquisition follows Fifty 1 Labs' broader corporate strategy of leveraging advanced technologies to address complex challenges in healthcare and biotechnology. Additional information about the company's initiatives and technology platform can be found at https://fifty1labs.com/.

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