Intercont shares surge 10.77% after-hours after announcing strategic acquisition of Starks Network to co-develop zCloak Web3 project.

Intercont (Cayman) Limited surged 10.77% in after-hours trading following the announcement of a strategic acquisition of a minority stake in Singapore-based Web3 firm Starks Network Ltd and a collaboration to co-develop the zCloak Network. The move positions Intercont to integrate blockchain technology with maritime services, leveraging zCloak’s AI-driven identity solutions, stablecoin payment systems, and compliance infrastructure—areas with high-margin enterprise adoption potential. zCloak’s backing by Hong Kong Cyberport, Coinbase Ventures, and its alignment with growing stablecoin transaction volumes (surpassing Visa and Mastercard combined in 2024) underscore its strategic value. Management highlighted the infrastructure layer’s exponential revenue potential, citing $30–40 million annual revenue benchmarks for similar providers, and emphasized the company’s intent to accelerate enterprise Web3 adoption. The acquisition aligns with the digital asset market’s rapid expansion, including a 410% surge in market capitalization since 2022, reinforcing investor optimism.