Sagtec Global shares surge 19.36% after-hours after finalizing equity-aligned AI partnership with Kinetic Seas, securing $4M in contracts.

Sagtec Global surged 19.36% in after-hours trading following the announcement of a landmark equity-aligned partnership with Kinetic Seas, positioning the latter as its exclusive AI development partner across four Southeast Asian markets. The agreement includes a 5.5 million share issuance to Kinetic Seas, a 70/30 revenue split for AI projects, and secured $4 million in new contracts, including a $3 million digital transformation deal. The partnership accelerates Sagtec’s access to Kinetic Seas’ Skilliks AI platform, enabling immediate revenue growth in a market projected to grow at 34% CAGR through 2030. CEO Ng Chen Lok emphasized cost savings and first-mover advantages, while the collaboration’s revenue-sharing model and joint IP development align long-term incentives. The strategic expansion, coupled with immediate contract wins and bullish market projections, drove investor optimism.