Volatus Aerospace agrees to buy Lithuania — based sensor systems maker AISPECO for USD 10.5 million
Volatus Aerospace agreed to acquire 100% of Lithuania-based AISPECO, adding modular airborne sensor systems and flight-management software. Base consideration totals USD 10.5 million, split into USD 3 million cash and USD 7.5 million in Volatus common shares. Earnout of up to USD 2.5 million payable in cash or equity,