Welcome to our dedicated page for Firan Tech Group news (Ticker: FTGFF), a resource for investors and traders seeking the latest updates and insights on Firan Tech Group stock.
Firan Tech Group Corporation (FTGFF) is a leading provider of mission-critical electronics for aerospace and defense applications, specializing in high-reliability circuit boards and cockpit systems. This page serves as the definitive source for verified news and corporate announcements related to FTGFF's global operations.
Investors and industry professionals will find timely updates on strategic initiatives including technology partnerships, manufacturing expansions, and product developments. Our curated collection includes earnings reports, acquisition details like the FLYHT Aerospace Solutions integration, and innovations in avionics components.
All content is rigorously verified to meet financial disclosure standards, providing reliable information for decision-making. Key areas covered include:
• Quarterly financial performance
• Defense contract announcements
• Aerospace technology milestones
• Global manufacturing updates
Bookmark this page for direct access to FTGFF's official communications, maintained with strict adherence to factual reporting and regulatory compliance standards.
FLYHT Aerospace Solutions has announced the closing of its acquisition by Firan Technology Group (FTG). Under the arrangement, FLYHT shareholders received different compensation options: (i) CAD$0.1103 in cash and 0.0333 FTG Shares, (ii) CAD$0.3379 in cash, or (iii) 0.0495 FTG Shares, subject to pro-ration. The deal had a maximum aggregate cash consideration of CAD$4.3 million and 1,300,000 FTG Shares.
Following shareholder elections, those who chose all-cash consideration will receive CAD$0.3379 per share, while those who elected all-share consideration will receive CAD$0.0588 and 0.0409 FTG shares per share. FLYHT's common shares are expected to be delisted from TSX Venture Exchange around December 30, 2024.
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