UAS Drone Corp. Acquires Duke Robotics, Inc.

July 1, 2020

UAS Drone Corp. (OTC: USDR) completed its acquisition of Duke Robotics, Inc., with Duke Robotics becoming a wholly-owned subsidiary after a share exchange that issued Duke shareholders stock representing 71% of the post-transaction capitalization. The combined company will focus on Duke Robotics' military UAS technology (TIKAD) and Duke's management and board now hold key leadership positions in the combined business.

Buyers
UAS Drone Corp.
Targets
Duke Robotics, Inc.
Sellers
Shareholders of Duke Robotics, Inc.
Location
United States
Transaction Type
Buyout

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