AeroVironment, Inc. (NASDAQ: AVAV) (“AV” or the “Firm”) at present introduced that its stockholders have accepted 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 at present.
“Stockholder approval marks an vital milestone as we transfer ahead with the acquisition of BlueHalo and speed up our transformation into the main next-generation protection know-how firm,” stated Wahid Nawabi, AV chairman, president, and chief government 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 tackle crucial priorities and wishes of our nation and allies across the globe. We thank stockholders for his or her continued assist and stay up for closing this transaction and unlocking new alternatives for development 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 can be reported in a Kind 8-Ok 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 know-how options on the intersection of robotics, sensors, software program analytics and connectivity that ship extra actionable intelligence so you’ll be able to 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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