UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01 Entry into a Material Definitive Agreement
On Feb. 10th, 2025, ConneXionONE Corp. (OTC: CNNN) (the "Company") entered into a Strategic Partnership Agreement with YUGU AI LIMITED ("YUGU"), a leading provider of decentralized AI computing services. Under the terms of this agreement, ConneXionONE has been appointed as YUGU’s authorized business development and sales representative to promote and develop YUGU’s decentralized AI computing solutions worldwide.
This partnership aligns with the Company’s strategic shift from its previous focus on social media development to AI computing infrastructure, enabling ConneXionONE to expand its revenue channels by leveraging YUGU’s advanced AI cloud computing capabilities. The agreement is expected to drive long-term growth and enhance the Company’s presence in the AI technology sector.
Key aspects of the agreement include:
| · | Business Development Role: ConneXionONE will lead global outreach and sales efforts to promote YUGU’s AI computing services. | |
| · | Revenue Model: A commission-based revenue-sharing model will be implemented to generate sustainable income. | |
| · | Market Expansion: The partnership strengthens ConneXionONE’s footprint in decentralized AI computing, targeting enterprises across industries such as biotech, fintech, and smart cities. |
Item 2.02 Results of Operations and Financial Condition
The Company is currently in the process of transitioning its business model to focus primarily on AI computing services. While Dotarazzi, the Company's former social media platform, was in early-stage development, the Company believes that the shift to AI computing presents a greater opportunity for long-term revenue growth and shareholder value.
CNNN has been actively working with IDC and telecom industry contacts to explore AI computing opportunities. The Company is engaged in initial business development discussions and expects to provide further updates on AI-related revenue generation and customer acquisitions in subsequent filings.
Item 8.01 Other Event
The Company has issued a press release announcing this strategic shift and its partnership with YUGU AI LIMITED, which is attached as Exhibit 99.1 and 99.2 to this Current Report on Form 8-K. The press release and strategic partnership agreement details the Company’s transition into the AI computing industry, the rationale behind this move, and its strategy for sustainable revenue growth.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit No. | Description | |
| 99.1 | Press Release dated Feb. 11, 2025 announcing strategic partnership with YUGU AI LIMITED | |
| 99.2 | Strategic Partnership Agreement with YuGu AI Limited | |
| 104 | Cover Page Interactive Data File (formatted in iXBRL, and included in exhibit 101) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ConneXionONE Corp. | |||
| Dated: February 10, 2025 | By: | /s/ Chris Chang | |
Chris Chang, Chief Executive Officer |
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