AppYea enters agreement to acquire blockchain lottery technology from Techlott

AppYea , Inc. (OTC:APYP) announced Wednesday it has entered into a series of agreements to acquire blockchain-based lottery technology from Techlott Ltd., a private company incorporated in Cyprus. The agreements were signed on August 20, 2025, according to a press release statement based on a filing with the Securities and Exchange Commission.

Under the terms of the Intellectual Property Purchase Agreement, AppYea will purchase all rights, title, and interest to Techlott’s technology, which is described as a blockchain-based, decentralized lottery ecosystem that uses smart contracts and verifiable randomness. In exchange, Techlott will receive 1,277,922,611 shares of AppYea’s common stock, representing 35% of the company’s fully diluted share capital. The closing of this transaction is expected by September 30, 2025, and is subject to an increase in AppYea’s authorized share capital.

As part of the transaction, Techlott and Bary Molchadsky, a director and majority shareholder of AppYea, entered into a Shareholders Agreement. This agreement allows Techlott to designate two out of five directors on AppYea’s board as long as Techlott holds at least 20% of the company’s outstanding shares. The Techlott-appointed directors will have veto rights over certain company actions, including changes to the business, issuance of new equity securities, and mergers or acquisitions.

Upon closing, Mark Katzenelson, president of Techlott, will become president of AppYea, and Benny Harris, Techlott’s CTO, will become AppYea’s CTO. The agreement also grants Techlott anti-dilution protection for its shares in the event of a capital raise by AppYea of up to $10 million.

Techlott was also granted piggyback registration rights for its shares under a separate Registration Rights Agreement entered into on August 20, 2025.

The information in this article is based on a press release statement and a filing with the SEC.

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