Next Dynamics, Inc. Signs Definitive Agreement to Acquire Integrated Launcher Solutions Inc.

Rhea-AI Summary

Next Dynamics (OTC PINK:NEXD) has signed a definitive agreement to acquire Integrated Launcher Solutions (ILS), a developer of autonomous remote launchers for defense, security, and maritime sectors. The acquisition, valued at $6 million, will be executed through the issuance of 13.33 million new restricted common shares of Next Dynamics.

ILS's platform-agnostic remote weapons systems complement Next Dynamics' ballistics technology, offering reduced weight, increased reliability, accuracy, and safety at lower costs. As part of the deal, ILS CEO Greg Sullivan will become President and CEO of Next Dynamics, while current CEO Jacob Salk will transition to Director and CFO.

The transaction is expected to close in Q4 2024, subject to regulatory and shareholder approvals. Additionally, Next Dynamics will extinguish certain debts through the issuance of 4.19 million common shares.

Positive

• Acquisition expands Next Dynamics' technology portfolio and market reach
• ILS brings established defense and security partnerships
• Combined technologies offer broader capabilities to the defense market
• Acquisition valued at $6 million, indicating significant potential value

Negative

• Issuance of 13.33 million new shares may lead to dilution for existing shareholders
• Additional 4.19 million shares issued to extinguish debts, further diluting ownership
• Transaction subject to regulatory and shareholder approvals, introducing closing uncertainty

Integrated Launcher Solutions' platform-agnostic remote, recoilless weapons systems provide for a complimentary expansion of the Next Dynamics technology and intellectual property portfolio.

WILMINGTON, NC / ACCESSWIRE / September 25, 2024 / Next Dynamics, Inc. (OTC PINK:NEXD) ("Next" or the "Company"), www.nextdynamicscorp.com, a Texas corporation, today announced that it has signed a definitive agreement to acquire Integrated Launcher Solutions Inc. ("ILS"), a developer and manufacturer of autonomously operated platform-agnostic remote launchers, focused on the defense, private security, public safety and maritime shipping segments.

ILS brings unique and cutting-edge technology with its remote weapons systems that are combat deployable from air, land, and sea platforms. ILS weapons systems offer reduced weight along with increased reliability, accuracy and safety, at significantly lower cost versus traditional support delivery systems.

Combined with Next Dynamics' next-generation ballistics technology, ILS's customized solutions, established defense and security partnerships, and seasoned management team will enable Next Dynamics to offer an even broader range of capabilities and value to the defense market.

In conjunction with the acquisition, ILS CEO Greg Sullivan will assume the role of President and CEO of Next Dynamics; current President and CEO Jacob Salk will remain with the Company as Director and CFO.

"ILS and Next Dynamics have highly complimentary technology offerings," said CEO Jacob Salk. "ILS's capabilities, management talent and momentum in innovation are well-aligned with Next Dynamics' strategic plans, and we are excited to welcome them aboard."

"ILS's well-placed industry partnerships and pioneering weapons systems technology, present a significant opportunity to expand our combined reach in the defense and security markets," said incoming President & CEO Greg Sullivan. "This transaction will pave a path for further advancement for both technology platforms, leveraging our collective strengths and expertise, and we couldn't be more excited about what lies ahead."

Transaction Details

Next Dynamics will acquire all issued and outstanding shares of ILS through the issuance of 13.33 million new restricted common shares of Next Dynamics, along with outstanding stock options, valuing ILS at USD $6 million.

In conjunction with the transaction, certain debts and other obligations of Next Dynamics shall be extinguished through the issuance of 4.19 million common shares.

The transaction is expected to close in the fourth quarter of 2024 and is subject to the satisfaction of customary closing conditions, including regulatory and majority shareholder approvals.

Company contact:

Jacob Salk
jacob@nextdynamicscorp.com

About Next Dynamics, Inc.

Next Dynamics, Inc. is an emerging global leader in the development, engineering & licensing of some of the world's best-performing defense technologies. The Company's patented Advanced Small Arms Projectile (A.S.A.P.^®) munitions, which offer unparalleled ballistics, cover the full spectrum of ground force applications across small and medium NATO calibers and weapons platforms.

Next Dynamics also offers engineering services focused on artillery modernization, and holds numerous other patents in small-arms munitions, armaments, and military engineering upgrades.

For more information, please visit www.nextdynamicscorp.com.

About Integrated Launcher Solutions Inc.

ILS, was created to fill a void in the fast-growing field of armed drones and robots that can effectively deliver an expanded assortment of munitions from a multi-faceted delivery platform. ILS has developed numerous innovative solutions that can easily be mounted from drone to robot to vehicle to vessel, utilizing ILS's patented systems to truly change the dynamic of operations, and the future of Military, Security Forces, Law Enforcement and Correctional Agencies Globally.

For more information, please visit www.ilsdefense.com.

Safe Harbor Forward-Looking Statements:

This press release may contain forward looking statements that are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC. Among other matters, the Company may not be able to sustain growth or achieve profitability based upon many factors including but not limited to the risk that we will not be able to find and acquire businesses and assets that will enable us to become profitable. Reference is hereby made to cautionary statements set forth in the Company's most recent SEC filings. We have incurred and will continue to incur significant expenses in our development stage, noting that there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. New lines of business may expose us to additional legal and regulatory costs and unknown exposure(s), the impact of which cannot be predicted at this time.

Words such as "estimate," "project," "predict," "will," "would," "should," "could," "may," "might," "anticipate," "plan," "intend," "believe," "expect," "aim," "goal," "target," "objective," "likely" or similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of this press release. Unless legally required, we undertake no obligation to update, modify or withdraw any forward-looking statements, because of new information, future events or otherwise.

SOURCE: Next Dynamics, Inc.

View the original press release on accesswire.com

FAQ

What is the acquisition value of Integrated Launcher Solutions by Next Dynamics (NEXD)?

Next Dynamics (NEXD) is acquiring Integrated Launcher Solutions for $6 million, to be paid through the issuance of 13.33 million new restricted common shares of Next Dynamics.

When is the expected closing date for Next Dynamics' (NEXD) acquisition of Integrated Launcher Solutions?

The acquisition of Integrated Launcher Solutions by Next Dynamics (NEXD) is expected to close in the fourth quarter of 2024, subject to customary closing conditions and approvals.

How will the leadership of Next Dynamics (NEXD) change after the acquisition of Integrated Launcher Solutions?

Following the acquisition, Greg Sullivan, CEO of Integrated Launcher Solutions, will become President and CEO of Next Dynamics (NEXD). Current CEO Jacob Salk will transition to the roles of Director and CFO.

What are the main products of Integrated Launcher Solutions being acquired by Next Dynamics (NEXD)?

Integrated Launcher Solutions, being acquired by Next Dynamics (NEXD), develops and manufactures autonomously operated platform-agnostic remote launchers for defense, private security, public safety, and maritime shipping segments.