APUS shares surge 132.31% on AQUAEChain services agreement

  • MindWave Innovations agreed to build and operate AQUAEChain for AQUAE Holdings.
  • APUS shares rose 132.31% to $5.31, according to Benzinga Pro data.
  • The agreement begins September 14 and includes an option for five additional years.

Apimeds Pharmaceuticals US Inc. shares jumped 132.31% to $5.31 Thursday after its wholly owned subsidiary, MindWave Innovations Inc., announced a 12-month technology services agreement with Singapore-based AQUAE Holdings Pte. Ltd. MindWave will design, develop, deploy and host AQUAEChain using its proprietary Layer-2 infrastructure, a secondary blockchain network designed to support faster or more scalable transactions, and provide technical maintenance and escalation support after launch. AQUAEChain will serve as a registry, marketplace and data-management platform for insured AQUAE Labs Ecosystems Conservation Index Credits, using field-based monitoring, reporting and verification. MindWave will receive service fees and a recurring allocation equal to 20% of all issued and outstanding ALCI Credits on the network, calculated at each quarter-end. The agreement includes an option for a five-year continuing services arrangement after the initial term. The deal expands Apimeds’ digital-asset footprint ahead of MindChain’s planned mainnet launch in October.

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