Aether Global Innovations Provides Clarifying Disclosures Respecting Status of Arion Transaction

Core Viewpoint - Aether Global Innovations Corp. has not completed its acquisition of Arion Defense Inc., and the transaction remains at the letter of intent stage only [1][2]. Group 1: Proposed Transaction Details - The letter of intent (LOI) with Arion involves a potential acquisition for 20,156,994 common shares at a deemed issue price of $0.36 per share [2]. - The LOI is non-binding and does not constitute a definitive agreement, with completion subject to various conditions including due diligence and regulatory approvals [2][4]. - The transaction would be considered a "Fundamental Change" under Canadian Securities Exchange Policy 8, requiring additional approvals from the Exchange and shareholders [2]. Group 2: Company Operations and Focus - Aether Global Innovations does not currently have active business operations or operating assets, focusing instead on identifying potential acquisitions [2]. - The company specializes in drone management and automation, with services in drone and counter-drone solutions, automation for flight planning, and drone base station infrastructure [5]. Group 3: Arion Defense Inc. Overview - Arion is focused on counter-drone technologies and holds an exclusive patent license for a footwear screening platform from Pacific Northwest National Laboratory [3]. - Any information regarding Arion's business activities, including potential contracts and commercialization timelines, is based on third-party relationships and remains uncertain [3].