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Astron Connect ( (TSE:AST) ) has shared an announcement.
Astron Connect Inc. has announced a revised letter of intent to acquire Innolink Network Ltd., a move that will result in a change of business and reverse takeover, subject to TSX Venture Exchange approval. This acquisition will position the resulting company as a Tier 2 technology issuer on the TSX Venture Exchange, with a focus on providing advanced AI infrastructure solutions, potentially enhancing its market presence and offering significant benefits to stakeholders.
More about Astron Connect
Astron Connect Inc. operates in the technology industry, focusing on acquiring companies that enhance its portfolio. Innolink Network Ltd., the target of its recent acquisition, is a Canadian technology firm specializing in secure, customizable, and end-to-end AI infrastructure and enterprise-grade private deployment solutions. Innolink focuses on enabling small to medium-sized enterprises to access high-performance computing capabilities, custom AI model development, and Infrastructure as a Service.
Average Trading Volume: 13,193
Technical Sentiment Signal: Buy
Current Market Cap: C$847.6K
See more data about AST stock on TipRanks’ Stock Analysis page.