Aether Global Innovations Clarifies Arion Defense Acquisition Remains at Letter of Intent Stage

Reuters
2026.01.23 01:30
portai
I'm PortAI, I can summarize articles.

Aether Global Innovations Corp. has clarified that its acquisition of Arion Defense Inc. is still at the letter of intent stage and has not been finalized. The proposed deal involves issuing 20,156,994 common shares at $0.36 each in exchange for Arion. The letter of intent is non-binding, and the transaction is subject to further negotiations and due diligence before definitive agreements can be executed.