Monitor future filings for disclosure of the development fee amounts and any progress on AssureCoin creation, as the token allocation represents a potentially material but currently unquantifiable consideration. The four-quarter development timeline and milestone-based acceptance testing provide milestones to track.
Price Chart
Executive Summary
Apimeds Pharmaceuticals US, Inc. (APUS) announced via its wholly owned subsidiary MindWave Innovations Inc. that it has entered into a two-year Master Service Agreement with BlockAssure Inc. to build, deploy, operate and maintain AssureChain, a dedicated blockchain subnet for insurance and reinsurance operations. The agreement includes fixed development fees payable quarterly, future operate-and-maintenance fees to be agreed, and an allocation to MindWave of 20% of the total supply of AssureCoin, a digital token BlockAssure plans to create. No specific dollar amounts for the development fees, operating fees, or token value were disclosed, making the financial impact unquantifiable.
Key Facts
- MindWave Innovations Inc., a wholly owned subsidiary of Apimeds, signed a 2-year Master Service Agreement with BlockAssure Inc. on October 4, 2026.
- MindWave will build, deploy, operate and maintain AssureChain, a dedicated subnet of MindChain for insurance contracts, reinsurance treaties, policies, and claims processing.
- Consideration includes a fixed development fee payable in quarterly installments, operate and maintenance fees to be agreed, and an allocation to MindWave of 20% of the total supply of AssureCoin.
- The agreement renews automatically for successive one-year periods unless either party gives 90 days' notice of non-renewal.
- MindWave is BlockAssure's exclusive blockchain provider for AssureChain for the length of the agreement.
- Development is planned over four quarters against agreed milestones; BlockAssure will acceptance-test each module.
Financial Impact
No specific dollar amounts disclosed for development fees, operating fees, or token value. The token allocation (20% of AssureCoin total supply) is contingent on AssureCoin being created, with no valuation provided.
Risk Factors
- AssureCoin may never be created, eliminating the token-based consideration entirely.
- Operate and maintenance fees are not yet agreed, creating revenue uncertainty.
- BlockAssure's ability to obtain and maintain required insurance, reinsurance and other licenses is uncertain.
- Technical performance, integration with third-party systems, and market acceptance risks are present.
- The agreement is with a single counterparty (BlockAssure), creating concentration risk.
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-108780 |
| Document: ea030825001ex99-1.htm | 0001213900-26-108780 |
| Document: 0001213900-26-108780-index-headers.html | 0001213900-26-108780 |
| Document: 0001213900-26-108780-index.html | 0001213900-26-108780 |
| Document: 0001213900-26-108780.txt | 0001213900-26-108780 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 14d ago | Press Release | $4.62 | awaiting T+60 | — | $2.72 (−41.13%) |
Oct 13, 2026 14d ago | 8-K | $4.62 | awaiting T+60 | — | $2.72 (−41.13%) |
Oct 1, 2026 26d ago | 8-K | $4.10 | awaiting T+60 | — | $2.72 (−33.66%) |
Sep 22, 2026 4w ago | 8-K | $2.29 | awaiting T+60 | — | $2.72 (+18.78%) |
Aug 21, 2026 9w ago | 8-K | $4.75 | awaiting T+60 | — | $2.72 (−42.74%) |
Aug 6, 2026 11w ago | 8-K | $4.23 | awaiting T+60 | — | $2.72 (−35.70%) |
May 5, 2026 24w ago | 8-K | $30.00 $4.92 | ▼ −83.60% | ▼ −86.34% | $2.72 (−90.93%) |
May 4, 2026 25w ago | 8-K | $1.88 $5.75 | ▼ −205.85% | ▼ −203.99% | $2.72 (−44.68%) |
Apr 16, 2026 27w ago | 8-K | $1.88 $0.7324 | ▲ +61.04% | ▲ +67.19% | $2.72 (−44.68%) |
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