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An announcement from Astron Connect ( (TSE:AST) ) is now available.
Astron Connect Inc. has announced its intention to acquire Innolink Network Ltd., a Canadian technology firm specializing in AI infrastructure, through a non-binding letter of intent. This acquisition is expected to result in a change of business and reverse takeover, with the combined entity seeking to be listed as a Tier 2 technology issuer on the TSX Venture Exchange. The transaction aims to enhance Astron’s market positioning by integrating Innolink’s advanced AI solutions, potentially benefiting stakeholders through improved AI infrastructure offerings.
More about Astron Connect
Astron Connect Inc. operates in the technology industry, focusing on secure, customizable, and end-to-end artificial intelligence infrastructure and enterprise-grade private deployment solutions. The company aims to enable small to medium-sized enterprises to access high-performance computing capabilities, custom AI model development, and Infrastructure as a Service.
Average Trading Volume: 12,350
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$605.4K
See more data about AST stock on TipRanks’ Stock Analysis page.