Mergers & Acquisitions ·
Quantum Drones Corporation, a subsidiary of Quantum Cyber N.V., entered into an Asset Purchase Agreement to acquire…
QUCYQuantum Cyber N.V.
Quantum Drones Corporation, a subsidiary of Quantum Cyber N.V., entered into an Asset Purchase Agreement to acquire Arcade Technology LLC's precision metal stamping and tool design business for an aggregate consideration of $3,200,000. Simultaneously, Quantum Drones entered into a Purchase and Sale Agreement to acquire property in Bridgeport, Connecticut, for $2,300,000. Additionally, the Company amended its IP License Agreement with BP United, Inc. to replace a $1,000,000 reimbursement obligation with a one-time cash payment of $1,000,000 for technical assistance. Quantum Cyber N.V. operates in the technology and manufacturing sectors, providing drone and specialized manufacturing services.