BK Technologies signs exclusive manufacturing agreement with East West Manufacturing, receives $2M investment

BK Technologies Corp

East West becomes exclusive manufacturer of BK's radio product line under three-year agreement.
East West purchases 77,520 shares at $12.90/share ($1M) and receives five-year warrant for 135,300 shares at $15.00.
Manufacturing transition to East West facilities expected to begin Q1 2024, complete within six months.
BK's West Melbourne facility to focus on new product introductions and repair services; shift to asset-light model.

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