Cirmaker Technology Completes Strategic Acquisition of Irish Property Company
Acquisition Demonstrates Cirmaker’s Strategic Direction and Underlying Business Model in Action
Cirmaker Technology (OTCMKTS:CRKT)
NEW YORK, NY, UNITED STATES, June 2, 2025 /EINPresswire.com/ -- Cirmaker Technology Completes Strategic Acquisition of Irish Property Holding CompanyFollowing the successful completion of due diligence, Cirmaker Technology is pleased to confirm the closing of its previously announced acquisition of an Irish property holding company in a strategic all-share transaction valued at $5 million USD.
The acquisition was finalised through the issuance of 20 million preferred shares at a value of $0.25 per share, as agreed. With this milestone, Cirmaker now assumes full ownership of a Special Purpose Vehicle (SPV) that controls a robust portfolio of prime Irish residential real estate assets.
The acquired portfolio comprises:
Eight high-quality, income-generating residential homes
One development site with planning potential for twelve additional residential units in a sought-after, high-demand location.
A major component of the deal was the successful negotiation of a circa 75% debt write-down, reducing the remaining debt burden to approximately $1 million USD. This results in a significantly improved loan-to-value (LTV) ratio of just 25%, positioning Cirmaker for long-term value creation and strategic flexibility with minimal leverage.
Looking forward, Cirmaker intends to launch a Regulation A equity raise within the next 3–6 months. This capital raise will underpin a 20 to 30-year refinancing strategy, further strengthening the company’s financial foundation and enabling scalable real estate investment initiatives.
As part of the agreement, the original property partners will continue their involvement as leaseholders, with an option to repurchase their respective assets. This collaborative structure is designed to ensure alignment of interests and maximize shared value over time.
This transaction underscores Cirmaker’s disciplined growth strategy, blending innovative structuring, low-leverage financial management, and a clear vision for long-term real estate investment.
For more information, please visit www.cirmakergroup.com or view the company’s profile on the OTC Markets: CRKT Overview.
About Cirmaker Technology
Cirmaker Technology is a forward-thinking project management and investment firm, committed to unlocking long-term value through strategic acquisitions and the integration of advanced AI technologies. The company is focused on building a strong, sustainable platform for its partners, clients, and shareholders.
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of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended.
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Tomas Brennan
Cirmaker Technology
+353 85 107 5749
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