BRAI · Braiin Ltd

Braiin Limited (NASDAQ: BRAI) announced on May 12, 2026, that it has entered into a non-binding term sheet to acquire a 50.1% majority interest in Cumbria Capital Ltd, the parent company of Home.cc, an AI-enabled 'living infrastructure' platform. The proposed investment of GBP 3.85 million (approximately A$7.27 million) is intended as growth capital to support Home's platform expansion. The term sheet contemplates a pre-money equity valuation of approximately £35.0 million (approximately A$66.1 million). The acquisition is subject to several conditions, including satisfactory due diligence, negotiation and execution of definitive transaction documents, shareholder approvals from both Braiin and Home, and necessary Nasdaq and regulatory approvals. There is no assurance that definitive agreements will be executed or that the transaction will be completed. The proposed acquisition aligns with Braiin's strategy to build an AI-native residential lifecycle platform, combining Home's embedded residential distribution and payments infrastructure with Braiin's AI, PropTech, and customer engagement capabilities. The press release attached as Exhibit 99.1 provides additional details on the strategic rationale and market opportunity.