M&A
confidence high
sentiment positive
materiality 0.75
BrooQLy acquires Vayu, Impossible Aerospace, Global Autonomous assets for $14.99M from Alpine 4
DYNAMIC AEROSPACE SYSTEMS Corp
- Total purchase price ~$14.99M paid via two convertible notes: $2.97M Vayu Note and $11.63M GAC Note, plus assumed $0.39M liabilities.
- Notes convert at $0.95 per share into Class B common stock, convertible into common at 20%/yr starting 12 months after issuance.
- Company has right to repurchase unconverted Class B shares at 100% to 140% of face value over five years.
- Acquired assets form UAV manufacturing (Vayu/Impossible) and autonomous logistics (Dynamic Deliveries) divisions.
- Company continues partnership with Dubai Civil Aviation Authority for autonomous aviation initiatives.