QualityStocksNewsBreaks – Nextech AR Solutions Corp. (CSE: NTAR) (NEO: NTAR) (OTCQB: NEXCF) (FSE: N29) Closes Acquisition of Silicon Valley-Based Threedy
Nextech (CSE: NTAR) (NEO: NTAR) (OTCQB: NEXCF) (FSE: N29), a diversified leading provider of augmented reality (“AR”) experience technologies and services, has closed the previously announced acquisition of Threedy.ai Inc. (“Threedy”). Based in Silicon Valley, California, Threedy is a 3D artificial intelligence (“AI”) modeling for e-commerce company. Upon closing of the acquisition, Nextech issued 3,877,551 common shares in the capital of the company at an agreed value of US$2.45 per share (CA$3.01 per share), for total share consideration of US$9.5 million. According to the update, the common shares will be subject to certain contractual restrictions on trading for a period…