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Prenetics Announces NBA Champion and Two-Time MVP Giannis Antetokounmpo as IM8 Global Partner and Shareholder in Multi-Year Partnership

  • Prenetics Global Limited (NASDAQ: PRE) announced a multi-year global partnership with NBA Champion Giannis Antetokounmpo, making him the first NBA athlete shareholder in the NASDAQ-listed health brand IM8.
  • Giannis Antetokounmpo received 100% equity compensation instead of cash, signaling his long-term investment belief in the company's future.
  • IM8 reached $100 million in annualized recurring revenue within 11 months of its December 2024 launch, with projections to generate $180–200 million in full-year revenue for 2026.
  • The brand has delivered over 22 million servings across 31 countries, accumulating more than 750,000 customer purchases since inception.
  • Giannis Antetokounmpo brings over 35 million social media followers across Instagram, X, & TikTok, providing IM8 direct access to key markets in the US, Europe, Africa, & Asia.
  • The NBA broadcasts in over 215 countries, offering IM8 a channel to activate markets where the brand has not yet scaled significantly.
  • IM8 now features equity-holding athletes from four sports: Giannis Antetokounmpo (Basketball), David Beckham (Football), Aryna Sabalenka (Tennis), & Ollie Bearman (Formula 1).
  • The company maintains approximately $160 million in liquidity, zero debt, & targets adjusted EBITDA profitability by Q4 2027.
  • IM8's flagship products, Daily Ultimate Essentials PRO & Daily Ultimate Longevity, are NSF Certified for Sport & backed by a 12-week randomized controlled trial showing improvements in energy, digestion, sleep, & focus.
  • Prenetics management has committed up to $42.75 million in combined corporate & personal share purchases, including a $40 million share repurchase program.
  • Giannis Antetokounmpo cited the brand's science-backed ingredients, daily health benefits, & the team's serious approach to product development as reasons for his investment.
  • IM8 is a subsidiary of Prenetics, a global health sciences company co-founded with David Beckham that aims to redefine premium daily nutrition through scientific formulations.