AppYea, Inc. announced on January 8 2026 that it had closed its transaction with Techlott Ltd., acquiring the company’s proprietary blockchain‑based lottery and gaming technology stack. The deal was finalized with the issuance of 1,277,922,611 restricted shares of AppYea common stock, representing 35 % of the company’s fully diluted share capital immediately after the transaction. In addition, 49,117 shares of newly created Series B Preferred Stock were issued as a placeholder, with mandatory conversion rights into common stock once the authorized share count is increased.
The acquisition gives AppYea full ownership of the Techlott Platform, a blockchain infrastructure designed for regulated, outcome‑driven markets such as lottery and gaming. The platform offers real‑time outcome verification, auditability, and transparency, positioning AppYea to serve institutional and government‑aligned deployments. Techlott’s President Mark Katzenelson and CTO Ben Harris joined AppYea’s executive team and board, underscoring the strategic integration of the technology and talent.
The transaction closed on December 31 2025, but the public announcement was made on January 8 2026. The closing date is critical because it marks the point at which the equity dilution and control of the platform became effective. The 35 % stake granted to Techlott’s shareholders, combined with the conversion of the Series B shares, created a significant overhang that investors noted in the market’s reaction to the initial agreement announced on August 21 2025.
AppYea’s prior business was focused on digital health, specifically sleep‑monitoring wearables. The shift to a blockchain‑gaming platform represents a fundamental pivot, aiming to capture a large and under‑digitized global lottery market projected to reach $483.93 billion by 2030. The company’s management believes that regulators and ministries worldwide are seeking transparent, verifiable systems, and the Techlott platform provides the necessary infrastructure for such markets.
The acquisition is part of AppYea’s broader plan to rebrand as Mellatrix Inc. and pursue an uplisting to a major U.S. exchange. The rebranding signals a new strategic direction and a commitment to scaling the technology beyond its original niche. Management has emphasized disciplined cost management and rapid commercialization of the Techlott platform as key to building long‑term revenue streams.
Market reaction to the initial agreement in August 2025 was negative, with the stock falling 12.32 % on the day the deal was announced. Analysts cited the large equity dilution—35 % of the company’s capital— as the primary driver of the sell‑off, noting that the conversion of the Series B shares would further increase the share count once authorized capital is expanded.
The acquisition’s financial impact is significant. While the exact USD value of the deal was not disclosed, the issuance of 1,277,922,611 shares at the closing price of $0.50 per share implies a transaction value of approximately $638 million. The conversion of the Series B shares and the potential future increase in authorized shares will add to the dilution risk, but the company expects the platform’s commercial potential to offset this over the long term.
AppYea’s leadership has taken concrete steps to integrate Techlott’s technology and talent. Katzenelson and Harris will lead the new blockchain division, while AppYea’s CEO Yakir Abadi has outlined a roadmap that includes pilot programs, institutional rollouts, and a focus on government‑aligned deployments. The company’s guidance for the next fiscal year reflects confidence in the platform’s scalability and the anticipated revenue from institutional contracts.
The strategic pivot, combined with the planned rebranding and uplisting, positions AppYea to transform its business model from a niche digital‑health provider to a major player in the regulated gaming and lottery market. The acquisition is a material event that will likely alter long‑term investment theses and financial models for stakeholders.
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