Agencia Comercial Spirits Signs AI Computing Infrastructure LOIs
Agencia Comercial Spirits announced that it has entered into two separate nonbinding letters of intent as part of the Company's evaluation of potential diversification into AI computing infrastructure and data center related opportunities, in addition to its existing whisky business. Proposed AI Server Lease Framework with Ricloud. January 15 the Company entered into a letter of intent with Ricloud AI setting out preliminary terms under which the Company is evaluating a proposed lease arrangement involving high performance AI computing servers based on the NVIDIA B300 platform. The letter of intent contemplates an estimated total contract value of $120.0M and an estimated quantity of approximately 300 units, subject to final configuration, availability and commercial confirmation. The letter of intent provides for a $3.5M deposit to be paid within five business days following execution. The letter of intent further provides that the deposit is refundable if a definitive lease agreement is not executed for reasons not attributable to a material breach by either party. The letter of intent reflects preliminary terms only and, with respect to the consummation of any definitive transaction, is generally nonbinding. The Company has also entered into a separate nonbinding letter of intent with an Indonesia based counterparty in relation to a proposed land transaction intended to support the development of an AI computing infrastructure and data center site in Indonesia. The letter of intent contemplates a land parcel of approximately 50,000 square meters. The transaction is contemplated to be undertaken by the Company or through an Indonesian affiliate to be established. The letter of intent includes an initial $180,000 booking deposit for the temporary reservation of the aforesaid land and a subsequent booking fee of IDR 3B plus VAT of 11%, each stated to be nonrefundable in case of cancellation, subject to the terms and conditions set out in the letter of intent. The Company is evaluating these initiatives as part of a broader review of strategic opportunities outside its core whisky business. Any entry into AI computing infrastructure and/or data center-related activities will be subject to further evaluation, due diligence, definitive documentation, available financing and liquidity considerations, applicable regulatory considerations, and internal corporate approvals.
