ALP Alpha Compute Corp.
Price Chart
Executive Summary
Alpha Compute closed the acquisition of a 60% controlling interest in GAMEE from Animoca Brands for up to $11M, including cash and stock. GAMEE reported $3.5M revenue in 2025 and $926K in Q1 2026 (56% YoY growth), with 120M registered users. The deal is transformative for ALP given its $11M market cap, but the high implied valuation and dilution risk temper enthusiasm.
Key Financial Metrics
Actionable Insight
Monitor ALP share price reaction to dilution from the ~$2M stock issuance and potential earn-out shares. Integration of GAMEE's revenue and user base may provide near-term upside, but the high relative deal size and earn-out risks warrant caution. Watch for Q2 2026 financials to assess revenue contribution.
Key Facts
- Acquired 60% controlling interest in GAMEE for total consideration of up to $11M
- Closing consideration: $1.5M cash + ~$2M in ALP shares/pre-funded warrants, plus $2M of GMEE tokens within 90 days
- Year 1 earn-out up to $3.5M (1M ALP shares at $1.50) contingent on $1.2M EBITDA
- Year 2 earn-out up to $4.0M contingent on $1.6M EBITDA
- GAMEE 2025 revenue: $3.5M; Q1 2026 revenue: $926K (56% YoY growth)
- GAMEE has 120M registered users, 1.7M MAUs, 150K DAUs
- Animoca Brands received a two-year standstill agreement and transferred ~878M GMEE tokens (~$1.83M to ALP balance sheet)
Financial Impact
Up to $11M total consideration for 60% of GAMEE, representing an implied valuation of $18M for GAMEE (1.6x ALP's market cap)
Risk Factors
- Significant stock dilution from issuance of shares and warrants
- Earn-out targets may not be met, leading to write-downs or further dilution
- Integration challenges combining gaming platform with AI compute infrastructure
- High implied valuation relative to ALP's market cap increases downside risk
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3302193 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 5, 2026
9d ago
|
6-K
| $0.2536 awaiting T+5 | awaiting T+5 | — | $0.2410 (−4.97%) |
|
Jun 5, 2026
9d ago
|
Press Release
| $0.2537 awaiting T+5 | awaiting T+5 | — | $0.2410 (+5.01%) |
|
May 27, 2026
18d ago
|
6-K
| $0.4460 $0.3090 | ▼ −30.72% | ▼ −31.93% | $0.2410 (−45.96%) |
|
May 27, 2026
18d ago
|
Press Release
| $0.4460 $0.3090 | ▼ −30.72% | ▼ −31.93% | $0.2410 (−45.96%) |
|
May 27, 2026
18d ago
|
Press Release
| $0.4460 $0.3090 | ▼ −30.72% | ▼ −31.93% | $0.2410 (−45.96%) |
|
May 21, 2026
24d ago
|
6-K
| $0.3850 $0.4400 | ▲ +14.29% | ▲ +12.69% | $0.2410 (−37.40%) |
|
May 21, 2026
24d ago
|
Press Release
| $0.3850 $0.4400 | ▼ −14.29% | ▼ −12.69% | $0.2410 (+37.40%) |
|
May 12, 2026
4w ago
|
Press Release
| $0.2750 $0.3630 | ▲ +32.00% | ▲ +31.92% | $0.2410 (−12.36%) |
|
May 11, 2026
4w ago
|
ANALYST-UPGRADE
| $0.4000 $0.3840 | ▼ −4.00% | ▼ −2.97% | $0.2410 (−39.75%) |
US Market Status
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