STOCK TITAN

VAYK Reached Agreement on Terms to Acquire $1 Million Company for Disruptive Airbnb Strategy

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)

Vaycaychella (VAYK) has agreed to acquire 50% non-managerial ownership of an Atlanta-based home engineering service company that reported $1 million revenue in 2023. The acquisition, valued at $500,000, will be paid through 500,000 Series B preferred shares with a $1.00 face value, convertible to common shares at $0.005 after 24 months. This acquisition is part of VAYK's strategy to develop a $100 million disruptive Airbnb business model integrating real estate development, financial engineering, and short-term rental management. The company aims to build a $20 million portfolio initially, with plans to expand to $100 million with financing. The target company specializes in property remodeling and renovation, with potential growth to $2-3 million in revenue.

Vaycaychella (VAYK) ha concordato di acquisire una partecipazione non gestionale del 50% in un'azienda di servizi per la casa con sede ad Atlanta, che ha riportato 1 milione di dollari di fatturato nel 2023. L'acquisizione, valutata 500.000 dollari, sarà pagata tramite 500.000 azioni privilegiate di Serie B con un valore nominale di 1,00 dollari, convertibili in azioni ordinarie a 0,005 dollari dopo 24 mesi. Questa acquisizione fa parte della strategia di VAYK per sviluppare un modello di business Airbnb dirompente da 100 milioni di dollari che integra sviluppo immobiliare, ingegneria finanziaria e gestione degli affitti a breve termine. L'azienda mira a costruire inizialmente un portafoglio da 20 milioni di dollari, con piani di espansione fino a 100 milioni grazie a finanziamenti. L'azienda target si specializza nella ristrutturazione e riqualificazione immobiliare, con una crescita potenziale fino a 2-3 milioni di dollari di fatturato.

Vaycaychella (VAYK) ha acordado adquirir una participación no gerencial del 50% en una empresa de servicios de ingeniería de hogar con sede en Atlanta, que reportó 1 millón de dólares en ingresos en 2023. La adquisición, valorada en 500.000 dólares, se pagará a través de 500.000 acciones preferentes de la Serie B con un valor nominal de 1,00 dólar, convertibles en acciones comunes a 0,005 dólares después de 24 meses. Esta adquisición es parte de la estrategia de VAYK para desarrollar un modelo de negocio disruptivo de Airbnb de 100 millones de dólares que integra desarrollo inmobiliario, ingeniería financiera y gestión de alquileres a corto plazo. La empresa busca construir inicialmente un portafolio de 20 millones de dólares, con planes de expandirse a 100 millones con financiamiento. La empresa objetivo se especializa en remodelación y renovación de propiedades, con un crecimiento potencial de 2-3 millones de dólares en ingresos.

Vaycaychella (VAYK)2023년 100만 달러의 매출을 기록한 애틀랜타에 본사를 둔 주택 엔지니어링 서비스 회사의 비관리형 50% 지분을 인수하기로 합의했습니다. 50만 개의 액면가 1.00 달러인 B 시리즈 우선주를 통해 지급되는 이 인수는 50만 달러의 가치가 있으며, 24개월 후 0.005 달러에 보통주로 전환될 수 있습니다. 이 인수는 VAYK의 부동산 개발, 금융 공학 및 단기 임대 관리 통합을 통한 10억 달러 규모의 파괴적인 에어비앤비 비즈니스 모델 개발 전략의 일환입니다. 회사는 초기에는 2천만 달러 규모의 포트폴리오를 구축하고, 자금을 통해 1억 달러로 확장할 계획입니다. 목표 회사는 부동산 리모델링 및 개조에 특화되어 있으며, 200만에서 300만 달러의 수익 증가 가능성이 있습니다.

Vaycaychella (VAYK) a convenu d'acquérir une participation non managériale de 50% dans une entreprise de services d'ingénierie domiciliaire basée à Atlanta, qui a rapporté 1 million de dollars de revenus en 2023. L'acquisition, évaluée à 500 000 dollars, sera payée par 500 000 actions privilégiées de série B d'une valeur nominale de 1,00 dollar, convertibles en actions ordinaires à 0,005 dollar après 24 mois. Cette acquisition fait partie de la stratégie de VAYK pour développer un modèle commercial Airbnb disruptif de 100 millions de dollars intégrant le développement immobilier, l'ingénierie financière et la gestion des locations à court terme. L'entreprise vise à construire dans un premier temps un portefeuille de 20 millions de dollars, avec des plans d'expansion à 100 millions grâce à des financements. L'entreprise cible se spécialise dans la rénovation et la réhabilitation de propriétés, avec un potentiel de croissance de 2 à 3 millions de dollars de revenus.

Vaycaychella (VAYK) hat sich darauf geeinigt, 50% einer nicht verwaltenden Beteiligung an einem in Atlanta ansässigen Unternehmen für Haustechnik zu erwerben, das 2023 einen Umsatz von 1 Million Dollar gemeldet hat. Die Akquisition, die mit 500.000 Dollar bewertet wird, wird durch 500.000 Series-B-Vorzugsaktien mit einem Nennwert von 1,00 Dollar bezahlt, die nach 24 Monaten in Stammaktien zu 0,005 Dollar umwandelbar sind. Diese Akquisition ist Teil der Strategie von VAYK, ein störendes Airbnb-Geschäftsmodell im Wert von 100 Millionen Dollar zu entwickeln, das Immobilienentwicklung, Finanzengineering und Kurzzeitvermietungsmanagement integriert. Das Unternehmen zielt darauf ab, zunächst ein Portfolio im Wert von 20 Millionen Dollar aufzubauen und plant, mit Finanzierungen auf 100 Millionen Dollar zu expandieren. Das Zielunternehmen spezialisiert sich auf die Umgestaltung und Renovierung von Immobilien, mit einem potenziellen Wachstum auf 2-3 Millionen Dollar Umsatz.

Positive
  • Acquisition target has $1 million revenue with solid operating profit margins
  • Conversion price of $0.005 is 700% higher than current stock price
  • Acquisition multiple of 1x revenue is below industry average
  • Option to acquire remaining 50% ownership available
  • Target company has growth potential to $2-3 million in revenue
Negative
  • Payment in preferred shares may lead to future dilution upon conversion
  • Non-managerial ownership limits operational control
  • Cash requirement for remaining 50% ownership acquisition

ATLANTA, Dec. 2, 2024 /PRNewswire/ -- Vaycaychella, Inc. (OTC Pink: VAYK) ("VAYK") today announces that the company has reached agreement with the acquiree upon the terms and conditions to acquire 50% non-managerial ownership of a home engineering service company based in Atlanta, Georgia.

The acquisition target reported approximately $1 million revenue for the year 2023, with a solid margin of operating profit.

Payment in Preferred Shares with a Conversion Price of $0.005

The two parties have agreed that VAYK will issue 500,000 Series B preferred stocks to the owner of the business, in exchange for the 50% non-managerial ownership. Each Series B preferred share will bear a face value of $1.00, and will be eligible to convert into 200 common shares after 24 months, effecting a conversion price of $0.005 per share. This conversion price is more than 700% higher than the most recent closing price of VAYK's common stocks.

The acquisition price ($500,000 for 50% ownership) is roughly based on 1x Value/Revenue multiple, which is lower than the average multiple of engineering and construction industry, according to the newest available data published by independent valuation provider Eqvista (https://eqvista.com/revenue-multiples-by-industry/).

The company also has a conditional option to acquire the rest 50% ownership and to completely take over the acquiree. The acquisition price will be the same plus preformulated adjustments, but the company will have to pay in cash. 

Integrated Part of $100 Million New and Disruptive Airbnb Business Strategy

This acquisition will be one of VAYK's moves to carry out a disruptive business model in the short-term rental (Airbnb etc.) industry.  

"Our new business model will integrate real estate development, financial engineering, social accountability, and short-term rental management," declares Stephanie Anderl, Interim CEO of Vaycaychella. "It will be a revolutionary business model with the potential to redefine the concept of short-term rental, and disrupt the whole short-term rental industry. Our near-term goal is to build a $20 million portfolio and expand it to $100 million with financing."

Anderl confirms that the company is working with business partners and prospective investors to possibly kick off this new business model in the year 2025.

"The acquiree is a home engineering service company, which specializes in remodeling, redecorating and renovating residential properties," explains Anderl. "Not only it has the potential to grow into a $2 million to $3 million business by itself, but it will also provide an in-house capability to build residential properties customized for our new business model."  

The company expects to close the acquisition by the end of this year.

Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

VAYK Contact:
Contact@Vaycaychella.com
Contact: +1 470-804-7144

Cision View original content:https://www.prnewswire.com/news-releases/vayk-reached-agreement-on-terms-to-acquire-1-million-company-for-disruptive-airbnb-strategy-302319638.html

SOURCE Vaycaychella, Inc.

FAQ

What is the revenue of the company VAYK is acquiring?

The acquisition target reported approximately $1 million in revenue for the year 2023.

How much of the target company is VAYK acquiring?

VAYK is acquiring 50% non-managerial ownership of the home engineering service company.

What is the conversion price for VAYK's Series B preferred shares?

The Series B preferred shares will be convertible at $0.005 per share after 24 months.

What is VAYK's target portfolio size in their new Airbnb strategy?

VAYK aims to build a $20 million portfolio initially and expand it to $100 million with financing.

VAYCAYCHELLA INC

OTC:VAYK

VAYK Rankings

VAYK Latest News

VAYK Stock Data

555.57k
925.94M
0%
Mortgage Finance
Financial Services
Link
United States of America
Las Vegas