AeroVironment, Inc. (NASDAQ: AVAV) (“AV” or the “Firm”) right this moment introduced that its stockholders have authorised the issuance of AV frequent inventory in reference to the Firm’s pending acquisition of BlueHalo LLC (“BlueHalo”) at a Particular Assembly of Stockholders held earlier right this moment.
“Stockholder approval marks an necessary milestone as we transfer ahead with the acquisition of BlueHalo and speed up our transformation into the main next-generation protection expertise firm,” stated Wahid Nawabi, AV chairman, president, and chief govt officer. “Collectively, AV and BlueHalo will drive agile innovation and ship built-in, all-domain options designed to redefine the way forward for protection and deal with crucial priorities and desires of our nation and allies across the globe. We thank stockholders for his or her continued assist and look ahead to closing this transaction and unlocking new alternatives for progress and worth creation.”
Greater than 99% of the shares voted by AV stockholders had been in favor of the issuance of AV frequent inventory to finish the pending acquisition. Remaining voting outcomes will probably be reported in a Kind 8-Okay filed with the U.S. Securities and Trade Fee.
The transaction is predicted to shut in Might 2025, topic to the satisfaction of customary closing circumstances.
About AeroVironment, Inc.
AeroVironment (NASDAQ: AVAV) offers expertise options on the intersection of robotics, sensors, software program analytics and connectivity that ship extra actionable intelligence so you may Proceed with Certainty. Headquartered in Virginia, AeroVironment is a world chief in clever, multi-domain robotic programs, and serves protection, authorities and industrial clients. For extra data, go to www.avinc.com.
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