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The latest announcement is out from Edge Total Intelligence Inc ( (TSE:CTRL) ).
Edge Total Intelligence Inc. has closed its acquisition of key technology assets from shipbuilding and defense contractor Austal Limited, including aviation-focused planning software, a branched LUSI solution, and a marine-oriented enterprise asset management suite, along with related workflow and automation tools and intellectual property licenses. As consideration, EdgeTI issued 6,075,459 subordinate voting shares to Austal, giving the latter a 9.9% equity stake subject to lock-up, granted Austal a right of first refusal to partner on future commercialization of the acquired technologies in specified marine and fast-ferry markets, and offered a board nomination right while certain ownership thresholds are maintained; selected Austal personnel will also move to EdgeTI to ensure service continuity, although the assets may revert to Austal if conditions such as a planned U.S. exchange uplisting are not met within defined time limits, introducing execution risk and aligning both companies’ interests around successful integration and expansion.
The most recent analyst rating on (TSE:CTRL) stock is a Hold with a C$0.58 price target. To see the full list of analyst forecasts on Edge Total Intelligence Inc stock, see the TSE:CTRL Stock Forecast page.
Spark’s Take on TSE:CTRL Stock
According to Spark, TipRanks’ AI Analyst, TSE:CTRL is a Neutral.
The score is held down primarily by weak financial performance (persistent losses, negative equity, and cash burn with a sharp TTM revenue decline). Technicals are neutral and provide limited support. Valuation is constrained by losses and no dividend yield. Recent corporate events are positive and modestly supportive via added capital and business development activity.
To see Spark’s full report on TSE:CTRL stock, click here.
More about Edge Total Intelligence Inc
Edge Total Intelligence Inc. is a software company that provides planning, workflow automation and enterprise asset management solutions, with a particular focus on mission-critical applications across aviation, marine and other complex operational environments. Listed on the TSX Venture Exchange, OTCQB and Frankfurt Stock Exchange, the company develops tools that help customers manage assets and operations more efficiently, and is pursuing broader exposure to defense, maritime and transportation markets.
Average Trading Volume: 74,016
Technical Sentiment Signal: Buy
Current Market Cap: C$33.19M
See more insights into CTRL stock on TipRanks’ Stock Analysis page.