Vault Ventures Plc (AQSE: VULT), a publicly listed technology company focused on blockchain, artificial intelligence, and augmented reality, is pleased to announce it has signed non-binding Heads of Terms for the proposed acquisition of System7 Ventures Limited (“System7” or “S7”).
System7 is a UK-based AI development agency at the forefront of emerging technologies. Specialising in agentic AI systems, LLM integrations, crypto-native infrastructure, and automation tooling, the team has a strong track record of delivering cutting-edge solutions with speed and precision.
Strategic Fit: In-House Incubation Platform
Upon completion, the acquisition is expected to position System7 as Vault’s in-house development and incubation arm. This will support the design, prototyping, and launch of new ventures across the AI and crypto sectors, aligned with Vault’s three-year plan to develop nine high-conviction incubations within its core focus areas. The emphasis will be on speed to market and rapid commercialisation.
Key Terms of the Proposed Deal
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The transaction is expected to be an all-share deal, valuing System7 at approximately £1 million.
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Nicolas Baxter, CEO of System7, will join the Board of Vault Ventures Plc.
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Lock-in provisions will be applied to System7 shareholders to ensure alignment with long-term strategic goals.
Next Steps
Both parties are currently undertaking legal and commercial due diligence. Subject to satisfactory completion, the parties intend to enter into a binding Share Purchase Agreement (SPA). Vault Ventures will issue further updates in due course.
Chair Comment
Brian Stockbridge, Chair of Vault Ventures Plc, commented:
“Upon completion System7 will become the engine room of our AI and crypto incubation strategy. Their speed, technical depth, and ability to deliver production-ready systems make them an essential part of Vault’s next phase. This move gives us permanent, in-house capability to imagine, build, and launch new ventures, fast. It’s a game-changer for Vault.”
