AcquisitionsAug 11, 2026, 09:36 AM
Aether Holdings Acquires 60% of Noviant Inc. for $3.6M
AI Summary
Aether Holdings, Inc. announced that its subsidiary, Aether Compute LLC, entered into a Stock Purchase Agreement to acquire 60% of Noviant Inc. The total transaction value is $3.6 million, comprising approximately $2.7 million in restricted shares of Aether Holdings' common stock and $900,000 in cash. The agreement includes customary representations, warranties, and closing conditions, along with lock-up and leak-out provisions for the sellers' shares and a shareholders' agreement for Noviant's post-acquisition governance. Additionally, sellers assigned all relevant intellectual property to Noviant.
Key Highlights
- Aether Compute LLC, a subsidiary of Aether Holdings, acquired 60% of Noviant Inc.
- The aggregate transaction value for the acquisition was $3.6 million.
- Consideration included approximately $2.7 million in restricted shares of Aether Holdings common stock.
- Consideration also included $900,000 in aggregate cash funding.
- Sellers are subject to lock-up periods of six months for 50% and two years for the remaining 50% of shares.
- Noviant's post-acquisition board will have three members, with Aether Compute designating two.
- Sellers assigned all intellectual property rights related to Noviant to the company.
Price Impact
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