Gamehaus falls 11% after striking deal to expand into AI-generated content

What happened: Gamehaus (GMHS) signed an agreement to acquire about 56% of Techforge Co., the holding company of AI-powered content platform Anamana. Key numbers: Stock fell over 10% in Monday pre-market trade. The deal includes a $19.6M share purchase, funded entirely through share issuance. Why it matters: Shares dropped in pre-market trading after the company announced the move to expand into AI-generated content through the acquisition.

Gamehaus (GMHS) signed an agreement to acquire about 56% of Techforge Co., the holding company of AI-powered content platform Anamana.

Shares dropped in pre-market trading after the company announced the move to expand into AI-generated content through the acquisition.