Rhea-AI Summary
Cycclone (OTCID: CYCL) reached an agreement in principle to acquire a California-based AI robotics company under its new Cycclone Ai Robotics division. The target designs, develops and manufactures AI robotics, including autonomous vehicles, with worldwide dealerships and representative offices.
According to Cycclone, current manufacturing is in Europe, with work underway to add facilities in Australia and the US. The AI robotics firm also has a Space Division supplying products for new space programs. Cycclone engaged Eurasian Capital to provide institutional funding services and continues developing its unproven permanent-magnet engine technology.
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FAQ
What is the current stock price of Cycclone (CYCL)?
Cycclone (CYCL) last closed at $0.0340.
What is the market cap of Cycclone (CYCL)?
The market cap of Cycclone (CYCL) is approximately $1.4M.