Sagtec shares surge 20.42% after-hours after expanding AI partnership with Kinetic Seas, issuing 5.5M shares, and securing $4M in contracts.

Sagtec Global surged 20.42% in after-hours trading following the announcement of a landmark equity-aligned partnership with Kinetic Seas, establishing 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 positions Sagtec to leverage Kinetic Seas’ Skilliks platform for immediate AI solutions, accelerating revenue growth amid a projected 34% CAGR in the regional AI market. The strategic alignment, combined with immediate contract wins and long-term revenue projections, drove investor optimism.