Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Nextech3D.ai and Arway update investors on their proposed deal to merge, despite asset impairments, to boost AI and AR tech integration.

flag Nextech3D.ai and Arway have updated investors on their proposed business combination following an Ontario Securities Commission review, aiming to reacquire Arway’s shares and integrate its technology into Nextech’s Map D platform. flag The move seeks to streamline operations, cut costs, and accelerate development by combining AI, AR, and navigation tools. flag Despite a $5 million impairment on Arway’s assets due to poor commercialization and a $0.7 million goodwill write-down, management says the deal strengthens the company’s strategic position. flag Final terms, including the exchange ratio, remain under negotiation and will be disclosed in a SEDAR+ filing. flag The transaction is subject to shareholder, CSE approval, and other conditions.

3 Articles