Nexera Technologies Signs Definitive Agreement to Sell KeepZone AI to a Global Aerospace and Defense Company for up to $6 million
Nexera Technologies signed a definitive agreement to sell its wholly owned homeland-security subsidiary KeepZone AI to an unnamed global aerospace and defense company. Consideration is $1 million upfront in acquiror shares or pre-funded warrants, plus an earn-out equal to 50% of KeepZone's positive cumulative after-tax net profit over the 24 months after closing, capped at $5 million and payable in cash.
Key figures
- Deal Value Usd
- $6 million (up to, including earn-out)
- Earnout max
- $5 million
- Warrant term
- five-year, cashless exercise, 4.9% beneficial ownership limitation
- Earnout terms
- 50% of KeepZone's positive cumulative after-tax net profit over 24 months post-closing, payable in cash within 90 days after that period
- Upfront consideration
- $1 million in acquiror securities
- Prefunded warrant exercise price
- 0.0001
AI analysis
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