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Aether Global Innovations Provides Clarifying Disclosures Respecting Status of Arion Transaction
Thenewswire· 2026-01-23 01:30
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].
Aether Global Innovations Signs Binding Letter of Intent with Private British Columbia Tech Company, Arion Defense
Thenewswire· 2025-12-10 21:00
Core Viewpoint - Aether Global Innovations Corp. has signed a letter of intent to acquire Arion Defense Inc. for 20,156,994 common shares at a deemed issue price of $0.36, which positions Aether to enhance its presence in the security and defense sectors [1][7][8] Company Overview - Aether Global Innovations Corp. specializes in drone management and automation, focusing on critical infrastructure and large public and private facilities [11] - Arion Defense Inc. is engaged in modernizing physical security through counter-drone technology and a footwear scanning platform [2] Acquisition Details - The acquisition involves Aether issuing 20,156,994 common shares to Arion at a price of $0.36 per share [1] - Arion will provide a secured working capital loan of $150,000 to Aether, which is forgivable upon completion of the acquisition [6] Strategic Positioning - The acquisition of Arion is expected to strategically position Aether as a leader in the Canadian and international security and defense sectors, particularly with a focus on defense spending [7][8] - Arion's existing partnerships and technologies, including a joint venture for counter-UAV products, will enhance Aether's capabilities in the defense market [3][4] Financial Commitments - Under the joint-venture agreement, Bravo Zulu Drone Defense Inc. is required to fund approximately USD $500,000 for demonstration equipment to secure military contracts in South Asia [4] - Arion has negotiated a profit-sharing agreement with Bravo Zulu, allowing it to earn two-thirds of the net profits from a joint-venture order of up to USD $25 million [4] Technology and Innovation - Arion holds an exclusive patent license for the Footwear Screening Platform from Pacific Northwest National Laboratory, enhancing Aether's technological offerings in security scanning [5]