AppYea, Inc. (OTCQB: APYP) announced a strategic acceleration that includes a potential uplisting to a U.S. national exchange, a rebranding to Mellatrix Inc., and the ongoing integration of the blockchain platform Techlott. The company is moving forward with a management review that will assess the feasibility of listing on Nasdaq or NYSE American, while also preparing for regulatory and FINRA approvals required for the name change.
The Techlott transaction, announced in August 2025, has not yet closed. AppYea is working to finalize the deal before the end of the calendar year, with the integration of Techlott’s blockchain‑based results‑verification infrastructure currently in progress. The platform is intended to serve enterprise and government customers, providing real‑time audit trails for regulated industries such as gaming and lottery operations.
Rebranding to Mellatrix Inc. is contingent on regulatory clearance. The company has filed the necessary paperwork and is awaiting approval from the Securities and Exchange Commission and FINRA. Once approved, the new name will reflect the broader focus on blockchain technology and verification services, moving beyond its original digital‑health sleep‑monitoring product line.
AppYea is evaluating entry into the prediction‑markets sector and exploring a network‑level token for use within the Techlott ecosystem. No token or security is being offered at this time, and the company has emphasized that the token exploration is part of a long‑term strategy to create utility within its platform rather than a short‑term fundraising vehicle.
The company’s prior focus on AI‑powered wearable devices for sleep apnea and snoring has been largely supplanted by the blockchain initiative. Management has described the shift as a move from a niche consumer product to a scalable infrastructure business that can serve multiple regulated markets, including gaming, lottery, and potentially prediction markets.
CEO Yakir Abadi said the acquisition of Techlott “positions us to build a new growth engine that leverages blockchain for transparency and auditability.” Chairman Eldar Edmond Grady added that the company is entering a “strategic phase where technology infrastructure, governance, and regulatory alignment converge to create long‑term value.”
Investors have reacted with caution, citing regulatory and execution challenges associated with entering the prediction‑markets and blockchain space. The market’s tempered response reflects concerns about the complexity of compliance, the need for significant capital investment, and the uncertainty of achieving scale in a highly regulated environment.
The strategic pivot, uplisting ambition, and rebranding signal a bold attempt to transform AppYea into a technology platform company. While the move offers potential for higher liquidity and broader market exposure, it also introduces new risks, including regulatory delays, integration hurdles, and the need to establish a foothold in competitive, regulated markets. The company’s future performance will hinge on its ability to navigate these headwinds while delivering on the promised infrastructure capabilities.
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