Global Trends Today
  • News
  • Economy
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
  • News
  • Economy
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
Global Trends Today
No Result
View All Result
Home Investing

Aether Global Innovations Corp. Signs Letter of Intentwith Private British Columbia Tech Investment Company

by
August 27, 2024
in Investing
0
Aether Global Innovations Corp. Signs Letter of Intentwith Private British Columbia Tech Investment Company
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

(TheNewswire)

Vancouver, B.C. August 27, 2024 TheNewswire Aether Global Innovations Corp. (CSE: AETH) (OTC: AETHF) (Frankfurt: 4XA WKN# A2N8RH) (‘Aether Global’, ‘AGI’, or the ‘Company’), a drone management and automation company, today announced the Company has signed a letter of intent (LOI) to acquire 1401068 BC Ltd. (‘PrivCo’) in an all-share deal (the ‘Transaction’). PrivCo is in the business of investing in early-stage technology ventures in both Canada and the United States, and is currently completing an earn-in arrangement with an early stage drone development company which AGI feels will be an accretive addition to its current business development efforts.  As part of the Transaction, 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 a number of customary closing conditions, including execution of definitive documentation.

Aether Global believes that this acquisition will bring great value in furthering the Company’s overall three (3) part business strategy for supporting critical infrastructures and large-scale facilities, which includes: (i) drone design and development, (ii) automation and integration and (iii) drone base station infrastructure and technology.

‘We are excited to sign this non-binding LOI and move toward a definitive with PrivCo around a complete acquisition and joining our two companies. We expect this strategic acquisition to allow us to move forward with a strong development program and commercialization of a new innovative long range and heavy lift unmanned aerial system, shared Phil Lancaster, CEO and President of Aether Global Innovations.

PrivCo and Aether Global have begun working on the details of a definitive agreement. Both companies will update the marketplace, clients, partners and shareholders as market impacting achievements are delivered.

About Aether Global Innovations Corp.

Aether Global Innovations (AETH) is an innovative UAV drone management and operations services company that focuses in three areas for critical infrastructure and large public and private facilities. These three areas include (i) drone management and surveillance monitoring, (ii) automation and integration for flight planning, new, innovative sensor payloads, stand-alone power source and (iii) drone base station infrastructure and technology for autonomous self-landing, power charging, and take off. www.aethergic.com

ON BEHALF OF AETHER GLOBAL BOARD OF DIRECTORS

Philip Lancaster, President and CEO

Aether Global Innovations Corp.

Forward Looking Statements

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding completion of the Transaction and Bridge Loan, statements about the prospects of PrivCo and its intended acquisitions, future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘forecasts’, ‘predicts’, ‘intends’, ‘targets’, ‘aims’, ‘anticipates’ or ‘believes’ or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions ‘may’, ‘could’, ‘should’, ‘would’, ‘might’ or ‘will’ be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward – looking statements are made as of the date hereof, and are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, closing risks, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.

Copyright (c) 2024 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com
Previous Post

The thread connecting Robert Kennedy Jr., chemtrails and Project 2025

Next Post

Canadian Investment Regulatory Organization Trade Resumption – LOD

Next Post
Canadian Investment Regulatory Organization Trade Resumption – LOD

Canadian Investment Regulatory Organization Trade Resumption – LOD

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • Trending
    • Comments
    • Latest

    Hacker lexicon: What is a supply chain attack?

    June 11, 2021

    Losing Depop to US ownership makes the British tech sector look secondhand

    June 11, 2021

    Andrew Lloyd Webber to sue the Government if theatres are not fully reopened from June 21

    June 11, 2021

    Microsoft’s Kate Crawford: ‘AI is neither artificial nor intelligent’

    June 11, 2021
    Canadian Investment Regulatory Organization Trade Resumption – STUD

    Canadian Investment Regulatory Organization Trade Resumption – STUD

    0

    Reply to “Reply to Whitehead” by Desvousges, Mathews and Train: (4) My treatment of the weighted WTP is biased in favor of the DMT (2015) result/conclusion

    0

    The 40 Weirdest (And Best) Charts We Made In This Long, Strange Year

    0

    Will The Debate Over $2,000 Stimulus Checks Help Democrats In Georgia?

    0
    Canadian Investment Regulatory Organization Trade Resumption – STUD

    Canadian Investment Regulatory Organization Trade Resumption – STUD

    July 7, 2025
    Crypto Market Recap: SEC Crypto ETF Guidance Sets Stage for Wave of New Fund Approvals

    Crypto Market Recap: SEC Crypto ETF Guidance Sets Stage for Wave of New Fund Approvals

    July 7, 2025
    Is a Chinese chain’s blood orange cold brew the future of coffee in America?

    Is a Chinese chain’s blood orange cold brew the future of coffee in America?

    July 7, 2025
    Questcorp Mining Continues Exploration in Advance of Drilling at the La Union Gold & Silver Project in Mexico

    Questcorp Mining Continues Exploration in Advance of Drilling at the La Union Gold & Silver Project in Mexico

    July 7, 2025

    Recent News

    Canadian Investment Regulatory Organization Trade Resumption – STUD

    Canadian Investment Regulatory Organization Trade Resumption – STUD

    July 7, 2025
    Crypto Market Recap: SEC Crypto ETF Guidance Sets Stage for Wave of New Fund Approvals

    Crypto Market Recap: SEC Crypto ETF Guidance Sets Stage for Wave of New Fund Approvals

    July 7, 2025
    Is a Chinese chain’s blood orange cold brew the future of coffee in America?

    Is a Chinese chain’s blood orange cold brew the future of coffee in America?

    July 7, 2025
    Questcorp Mining Continues Exploration in Advance of Drilling at the La Union Gold & Silver Project in Mexico

    Questcorp Mining Continues Exploration in Advance of Drilling at the La Union Gold & Silver Project in Mexico

    July 7, 2025

    Disclaimer: GlobalTrendsToday.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 globaltrendstoday.com | All Rights Reserved

    No Result
    View All Result
    • News
    • Economy
    • Investing
    • Stock
    • Editor’s Pick

    Copyright © 2025 globaltrendstoday.com | All Rights Reserved