APR 17·Investing.comLow
T3 Defense announces Water IO non-binding intent to lend $10 million to Meteor Aerospace
T3 Defense Inc. announced that its majority-owned subsidiary, Water IO Ltd., has signed a non-binding letter of intent to lend $10 million to Meteor Aerospace Ltd., an Israeli defense technology company. If the loan is made, Water IO would receive 51% of Meteor Aerospace's outstanding shares. The deal is subject to several conditions, including Water IO completing a public offering of convertible notes and obtaining regulatory approvals, with no guarantee of completion.