Gammatech Sdn Bhd announced that it has entered into a binding letter of intent in round of funding on June 12, 2024. The company will issue common shares for the subscription of 1,040,816 at a price of MYR 1 per new ordinary share with the gross proceeds of MYR 1,040,816 in the transaction. The transaction included participation from new investor Flexidynamic Holdings Berhad.

Upon the completion of the transaction, the company will become a 51%-owned subsidiary of Flexidynamic Holdings Berhad.