This Dormant Shell Just Landed a Revenue-Generating AI Platform in a Transformational Deal

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Tuesday, December 23, 2025

Artificial intelligence continues to reshape how traditional industries operate, and one of the fastest-moving opportunities is steadily emerging in sectors that rely on complex documentation, bidding, and compliance-heavy workflows. As enterprises look to automate time-consuming processes and reduce costly human error, AI-powered platforms that streamline contract and proposal management are gaining traction, especially in construction, infrastructure, and public-sector procurement.

Shares of eXeBlock Technology Corp. (CSE: XBLK.X) are in focus Tuesday after the company announced a definitive agreement to acquire Aitenders, a fast-growing, revenue-generating AI software company based in France. The transaction represents a complete change of business for eXeBlock, which previously had no operating business, and is expected to result in a reverse takeover that transforms the company into a commercial-stage AI platform operator.

Under the terms of the agreement, eXeBlock will acquire 100% of Aitenders through a share exchange, issuing 54 million post-consolidation shares at a deemed price of C$0.5833 per share. Prior to closing, eXeBlock will consolidate its shares on a roughly 12.6-to-1 basis, leaving approximately 6 million shares outstanding before the transaction. Following completion, the company intends to change its name to Aitenders Technologies Inc., with a new trading symbol expected to be assigned by the CSE.

Founded in 2019 and headquartered in Saint-Étienne, France, Aitenders has built an end-to-end, AI-powered platform designed to manage the entire tender response and contract lifecycle. The software automatically analyzes complex tender documents, generates compliant proposals, tracks contractual obligations, and supports project execution from bid to completion. The platform is positioned as a “human-centric digital co-pilot,” reducing manual workload while improving accuracy and speed.

Aitenders is not a concept-stage business. The company is already generating more than $1.5 million in annual recurring revenue, serving enterprise customers that include three of the top five largest construction companies in both Europe and North America. Its client base spans public authorities, general contractors, and large project-based organizations, highlighting the platform’s scalability and real-world adoption.

In connection with the transaction, eXeBlock will complete a concurrent non-brokered private placement of subscription receipts priced at C$0.5833, targeting minimum gross proceeds of $2.4 million. The financing is intended to fund transaction costs, expand Aitenders’ sales and product development teams, and provide working capital for the resulting issuer. Each subscription receipt will convert into a common share upon completion of the acquisition.

Trading in eXeBlock shares has been halted pending review by the Canadian Securities Exchange and is expected to remain halted until the transaction is completed and listing requirements are satisfied.

While shares were flat at C$0.08 prior to the halt, the announcement marks a clear inflection point for the company. If completed as planned, the deal transforms eXeBlock from a dormant shell into an operating AI software company with established revenue, blue-chip customers, and exposure to a rapidly growing enterprise automation market.

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