XTI Aerospace to Acquire Equity Interest in ReadyMonitor AI-Powered, Autonomous Drone Company
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XTI Aerospace (NASDAQ: XTIA) plans to acquire a 30% equity interest in ReadyMonitor, an AI-powered autonomous drone company, with an option to acquire the remaining 70% within 12 months. The transaction is expected to close in Q1 2025.
January 13, 2025 | 1:45 pm
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XTI Aerospace is acquiring a 30% stake in ReadyMonitor, an AI-powered drone company, with an option to fully acquire it within 12 months. This move could enhance XTI's capabilities in autonomous drone technology.
The acquisition of a stake in ReadyMonitor positions XTI Aerospace to expand its technological capabilities in the growing field of autonomous drones. This strategic move is likely to be viewed positively by investors, as it aligns with industry trends towards automation and AI, potentially leading to increased market opportunities and revenue growth.
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