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.
- Industry
- Aerospace & Defense
- Location
- United States
- Transaction Type
- Buyout
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