XTI Aerospace Acquires Drone Nerds in $40 Million Deal
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XTI Aerospace, Inc. has acquired Drone Nerds, Inc. for approximately $40 million, involving cash, equity, and notes payable. The acquisition included a $10.5 million deposit to secure Drone Nerds' line of credit and support its working capital during the acquisition process. Drone Nerds also reorganized into a Florida limited liability company prior to the deal.
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