RocketDNA to Acquire Remaining 40% of WA Subsidiary for $1M in Shares

Deal Summary

Australian drone solutions provider RocketDNA (ASX: RKT) announced it will acquire the remaining 40% stake in its WA subsidiary, RocketDNA (WA), from Investmin and the McKern and McLeay Family Trusts for $1 million in new RocketDNA shares, about 3.5% of its issued capital. The transaction will give RocketDNA 100% ownership of the subsidiary, with the consideration paid in escrowed shares to the founders. Completion is subject to customary conditions.