AGS Transact Technologies has accepted a non-binding term sheet for the sale of its 90% equity interest in its step-down subsidiary, Novus Technologies Pte.

Ltd. This strategic move aims to reduce debt and enhance cash flow, marking a critical step in the company's financial restructuring.

The transaction is contingent upon the completion of definitive agreements and due diligence, with a target for finalization set for the first half of 2025. This initiative is anticipated to strengthen AGS's balance sheet, presenting a positive outlook for investors watching the company's strategic maneuvers.