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Nextech3D.ai and Arway update investors on their proposed deal to merge, despite asset impairments, to boost AI and AR tech integration.
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.
The move seeks to streamline operations, cut costs, and accelerate development by combining AI, AR, and navigation tools.
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.
Final terms, including the exchange ratio, remain under negotiation and will be disclosed in a SEDAR+ filing.
The transaction is subject to shareholder, CSE approval, and other conditions.
Nextech3D.ai y Arway actualizan a los inversores sobre su acuerdo propuesto para fusionarse, a pesar de la depreciación de los activos, para impulsar la integración de la tecnología AI y AR.