January–May 2026
2026: Rich Sparkle deal announced at $975m and AI 'digital twin' — share price surge then collapse and major uncertainty over completion
Rich Sparkle Holdings announced the acquisition of Step Distinctive, a company linked to Khaby Lame, in an all-share transaction valued at approximately $975 million and including exploitation rights to an AI 'digital twin'. The share price initially soared before losing over 90%, while several brokers restricted trading and questions emerged about the effective transfer of shares and completion of the transaction.
- State of the evidence
- Documented
- Attribution
- Directly implicated
Sources · 3
- [1]Business InsiderTikTok superstar Khaby Lame did a $975 million deal. Then the red flags piled up.PressHigh reliability
- [2]Le MondeAn AI clone and a publicly traded company: The irresistible rise of TikToker Khaby LamePressHigh reliability
- [3]
Last verified: 13 September 2026
