m_and_a
confidence high
sentiment positive
materiality 0.25
VisionWave sub SolarDrone acquires 51% of Junko Solar for $204K; appoints Amos Cohen CEO
VisionWave Holdings, Inc.
- SolarDrone to buy 51% stake in Junko Solar for $204K; pre-money valuation $400K.
- Payment in three equal installments of $68K; first due at signing, then two at 35-day intervals.
- Amos Cohen appointed CEO and director of SolarDrone, will receive consulting fee of 50,000 NIS/month.
- Junko Solar's panel cleaning and maintenance operations to be integrated into SolarDrone.
- VisionWave says deal expands SolarDrone's solar infrastructure service capabilities.