AERWINS Technologies shares are trading higher after the company entered into a letter of intent to form an entity with Helicopter Technology. The company will own 70% and Helicopter Technology will own 30%.
Portfolio Pulse from Benzinga Newsdesk
AERWINS Technologies' stock is trading higher following the announcement of a letter of intent to form a joint entity with Helicopter Technology, where AERWINS will hold a 70% stake and Helicopter Technology will hold 30%.
December 26, 2023 | 1:50 pm
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AERWINS Technologies' shares are experiencing an uptick after the company announced its intent to form a joint venture with Helicopter Technology, securing a 70% ownership in the new entity.
The positive market reaction is likely due to the strategic nature of the joint venture, which could lead to synergies and an expanded market presence. AERWINS holding a majority stake is seen as a positive development, indicating control over the venture's direction and potential profits.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100