{"id":31852,"date":"2021-09-08T03:57:13","date_gmt":"2021-09-08T10:57:13","guid":{"rendered":"https:\/\/futuresharks.com\/the-royale-group-of-companies-to-acquire-xyclopes-for-6m-by-the-la-tribune\/"},"modified":"2021-09-08T05:50:20","modified_gmt":"2021-09-08T12:50:20","slug":"the-royale-group-of-companies-to-acquire-xyclopes-for-6m-by-the-la-tribune","status":"publish","type":"post","link":"https:\/\/futuresharks.com\/the-royale-group-of-companies-to-acquire-xyclopes-for-6m-by-the-la-tribune\/","title":{"rendered":"The Royale-Group of Companies to acquire XYCLOPES for $6M"},"content":{"rendered":"

The Royale-Group of Companies to acquire XYCLOPES for $6M<\/strong><\/h1>\n

The health and tech giant is buying millions of dollars of cash — totaling $6,242,009 — to buy the Intellectual Property of XYCLOPES.<\/p>\n

RGC said Thursday that it has agreed to acquire XYCLOPES, a Health and Tech brand for $6 million cash and stock arrangement with JD Powers LLC.<\/p>\n

The announcement was made in a filing with the Securities and Exchange Commission. The deal for XYCLOPES\u00a0includes all existing products and services in USA and Canada including reserved<\/em> and upcoming<\/em> digital apps and online services which are supposedly to be launched in the Philippines in Q4-2021.<\/p>\n

“I’m excited to announce that we’ve agreed to acquire XYCLOPES and that their entire products and services will be acquired by our Company. Our mission is to create innovative products and digital services that support everyone’s unique health & tech journey. The Venture Capitalist of JD Powers LLC and brand owner of XYCLOPES and other successful brands in Europe and Asia will help us do this by continuing to develop a digital service that people around the world love to use every day.” Royale Group CEO, said.<\/p>\n

RGC is a large manufacturing company with 729 employees and an annual revenue of $911.24M that is headquartered in Menlo Park, CA.<\/p>\n

\u00a0<\/h2>\n

RGC to Acquire XYCLOPES<\/strong><\/h2>\n
    \n
  • Acquisition accelerates The Royale Group of Companies\u2019 ability to bring digital health and tech services to the world<\/em><\/li>\n
  • Lead and continue to operate independently and retain its brand<\/em><\/li>\n
  • XYCLOPES Founder and CEO to join RCG Board of Directors<\/em><\/li>\n<\/ul>\n

    MENLO PARK, CALIF. \u2013 September 1, 2021 \u2013 The Royale Group announced that it has reached a definitive agreement to acquire XYCLOPES, a growing health and tech company, for a total of approximately $6 million.<\/p>\n

    XYCLOPES has built a growing real-time innovative products and services, with:<\/p>\n

      \n
    • Over 25,000 thousand products sold in USA and Canada<\/li>\n
    • 95% of the buyers are from health and tech industry<\/li>\n
    • Positive Feasibility studies for upcoming digital apps and<\/li>\n
    • Currently adding more than 5% buyers and retailers in the Philippines.<\/li>\n<\/ul>\n

      The acquisition supports RGC and XYCLOPES\u2019 shared mission to bring more digital and utility apps to the world efficiently and affordably. The combination will help accelerate growth and user engagement across both companies.<\/p>\n

      “XYCLOPES is on a path to connect millions of people per country. Their upcoming digital services will definitely reach that milestone and are all incredibly valuable,” said RGC founder and CEO.<\/p>\n

      JD Powers LLC, Venture Capitalist and brand owner of XYCLOPES said, \u201cWe’re excited and honored to partner with the Royale Group of Companies as we continue to bring our products and services to more people around the world.\u201d<\/p>\n

      RGC fosters an environment where independent-minded entrepreneurs can build companies, set their own direction and focus on growth while also benefiting from RGC\u2019s expertise, resources and scale. This approach is working well with other AI Companies. XYCLOPES brand will be maintained; its headquarters will definitely remain; JD will join RCG Board of Directors; and XYCLOPES current products will continue to operate as standalone branded niche while we are producing digital applications under XYCLOPES starting 01-2022.<\/p>\n

      Upon closing of the deal, all outstanding shares of XYCLOPES capital stock and options to purchase XYCLOPES capital stock will be cancelled in exchange for $6,242,009 million. In the event of termination of the Merger Agreement under certain circumstances principally related to a failure to obtain required regulatory approvals, the Merger Agreement provides for RGC to pay XYCLOPES a fee of $6,242,009 million in cash and to issue to XYCLOPES a number of shares of RGC\u2019s Class A common stock equal to $1 million based on the average closing price of the ten trading days preceding such termination date.<\/p>\n

      XYCLOPES was advised by Skyrocket Ltd & JDL Pvt Ltd and The Royale Group was advised by SPS Fund Ltd & Royale Fund Ltd.<\/p>\n

      About XYCLOPES<\/strong><\/p>\n

      XYCLOPES new mission is to give people the power to share and make the world more open and connected through its digital apps.<\/p>\n

      About RGC<\/strong><\/p>\n

      RGC is a real-time network and platform provider allowing millions of people around the world to stay connected with their friends and family.<\/p>\n

      Forward Looking Statements<\/strong><\/p>\n

      This press release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including the expected completion of the acquisition, the time frame in which this will occur, the expected benefits to RGC and XYCLOPES from completing the acquisition, and the expected financial performance of RGC following completion of the acquisition. Statements regarding future events are based on the parties\u2019 current expectations and are necessarily subject to associated risks related to, among other things, regulatory approval of the proposed acquisition or that other conditions to the closing of the deal may not be satisfied, the potential impact on the business of XYCLOPES due to the announcement of the acquisition, the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive agreement, and general economic conditions. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. For information regarding other related risks, see the \u201cRisk Factors\u201d section of RGC\u2019s Annual Report on Form 10-K for 2020-2021. The forward-looking statements included herein are made only as of the date hereof, and neither party undertakes an obligation to revise or update any forward-looking statements for any reason.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

      The Royale-Group of Companies to acquire XYCLOPES for $6M The health and tech giant is buying millions of dollars of cash — totaling $6,242,009 — to buy the Intellectual Property of XYCLOPES. RGC said Thursday that it has agreed to acquire XYCLOPES, a Health and Tech brand for $6 million cash and stock arrangement with…<\/p>\n","protected":false},"author":5416,"featured_media":31851,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_uag_custom_page_level_css":"","footnotes":""},"categories":[263],"tags":[],"uagb_featured_image_src":{"full":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234.png",426,232,false],"thumbnail":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234-150x150.png",150,150,true],"medium":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234-300x232.png",300,232,true],"medium_large":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234.png",426,232,false],"large":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234.png",426,232,false],"1536x1536":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234.png",426,232,false],"2048x2048":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234.png",426,232,false],"post-thumbnail":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234-80x75.png",80,75,true],"goodlife-thumbnail":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234-80x75.png",80,75,true],"goodlife-grid":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234-320x232.png",320,232,true],"goodlife-latest":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234-320x225.png",320,225,true],"goodlife-latestshort":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234-320x170.png",320,170,true],"goodlife-vertical":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234-320x232.png",320,232,true],"goodlife-gallery":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234-320x150.png",320,150,true],"goodlife-galleryvertical":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234-320x232.png",320,232,true],"goodlife-poststyle1":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234.png",426,232,false],"goodlife-thumbnail-small":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234-40x150.png",40,150,true],"goodlife-thumbnail-2x":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234-160x150.png",160,150,true],"goodlife-thumbnail-mini":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234-20x18.png",20,18,true],"goodlife-grid-small":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234-160x232.png",160,232,true],"goodlife-grid-2x":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234.png",426,232,false],"goodlife-grid-mini":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234-20x16.png",20,16,true],"goodlife-latest-small":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234-160x232.png",160,232,true],"goodlife-latest-2x":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234.png",426,232,false],"goodlife-latest-mini":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234-20x14.png",20,14,true],"goodlife-latestshort-small":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234-160x232.png",160,232,true],"goodlife-latestshort-2x":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234.png",426,232,false],"goodlife-latestshort-mini":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234-20x10.png",20,10,true],"goodlife-vertical-small":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234-160x232.png",160,232,true],"goodlife-vertical-2x":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234.png",426,232,false],"goodlife-vertical-mini":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234-20x26.png",20,26,true],"goodlife-gallery-small":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234-160x232.png",160,232,true],"goodlife-gallery-2x":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234.png",426,232,false],"goodlife-gallery-mini":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234-20x9.png",20,9,true],"goodlife-galleryvertical-small":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234-160x232.png",160,232,true],"goodlife-galleryvertical-2x":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234.png",426,232,false],"goodlife-galleryvertical-mini":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234-20x21.png",20,21,true],"goodlife-poststyle1-small":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/09\/RGC-c776c234-385x210.png",385,210,true],"goodlife-poststyle1-2x":["https:\/\/futuresharks.com\/wp-content\/uploads\/2021\/0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LA Tribune Post","author_link":"https:\/\/futuresharks.com\/author\/latribune\/"},"uagb_comment_info":0,"uagb_excerpt":"The Royale-Group of Companies to acquire XYCLOPES for $6M The health and tech giant is buying millions of dollars of cash — totaling $6,242,009 — to buy the Intellectual Property of XYCLOPES. RGC said Thursday that it has agreed to acquire XYCLOPES, a Health and Tech brand for $6 million cash and stock arrangement with…","_links":{"self":[{"href":"https:\/\/futuresharks.com\/wp-json\/wp\/v2\/posts\/31852"}],"collection":[{"href":"https:\/\/futuresharks.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/futuresharks.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/futuresharks.com\/wp-json\/wp\/v2\/users\/5416"}],"replies":[{"embeddable":true,"href":"https:\/\/futuresharks.com\/wp-json\/wp\/v2\/comments?post=31852"}],"version-history":[{"count":0,"href":"https:\/\/futuresharks.com\/wp-json\/wp\/v2\/posts\/31852\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/futuresharks.com\/wp-json\/wp\/v2\/media\/31851"}],"wp:attachment":[{"href":"https:\/\/futuresharks.com\/wp-json\/wp\/v2\/media?parent=31852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/futuresharks.com\/wp-json\/wp\/v2\/categories?post=31852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/futuresharks.com\/wp-json\/wp\/v2\/tags?post=31852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}