North America
Aether Global Innovations Corp. Signs Letter of Intent to Acquire Private British Columbia Tech Investment Company
• Aether Global Innovations Corp., a drone management and automation company, has signed a letter of intent (LOI) to acquire 1401068 BC Ltd. (PrivCo) in an all-share deal.
• PrivCo is investing in early-stage technology ventures in Canada and the United States.
• AGI believes this acquisition will be an accretive addition to its current business development efforts.
• PrivCo intends to advance $50,000 to AGI as a secured working capital loan at market interest rates, forgivable on completion of the Transaction.
• The LOI is non-binding until finalized, and both the Transaction and Bridge Loan are subject to customary closing conditions, including execution of definitive documentation.
• Aether Global believes this acquisition will further its overall three part business strategy for supporting critical infrastructures and large-scale facilities.
• The company is working on the details of a definitive agreement and will update the marketplace, clients, partners, and shareholders as market impacting achievements are delivered.