Streetbeat News

GTCH

GBT Technologies Inc

https://gbttechnologies.com/?from=usa

Employees

Industry

Software Publishers

Open

0.00

Mkt cap

841K

Volume

High

0.00

P/E Ratio

-0.01

52-wk high

0.00

Low

0.00

Div yield

N/A

52-wk low

0.00

Bannix Acquisition Corp. (BNIX) and GBT Technologies Inc. (GTCH) have announced a Patent Purchase Agreement for BNIX to acquire GTCH's Apollo IP system for $42.5 million, payable in shares of BNIX's Preferred Stock. The Apollo IP system is a radio frequency-based computer vision technology that can enhance autonomous vehicle perception and mapping. The acquisition is expected to close in Q4 2023, but is subject to board and shareholder approval, regulatory approvals, and other conditions.

Portfolio Pulse from Happy Mohamed

August 15, 2023 | 12:08 pm

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