love this part janaury 8 pr
In addition to these significant capital structure improvements, UAV Corp. has signed a Letter of Intent (LOI) for up to $20 million in funding, marking a significant milestone in the Company’s growth strategy. Under the agreement, the funding partner will complete the DART SA70-12 airship project and retire outstanding debt on UAV Corp.’s balance sheet, strengthening its financial position. As part of the deal, UAV Corp. will grant the funding partner one board seat, ensuring strategic alignment as the company continues to scale operations and drive innovation. The company has agreed to negotiate final terms and conditions over the next 30 days. UAV Corp. will own and operate the drone airship to test various sensor technologies, radar, new power generations sytems and advanced AIG drones for launch and recovery.
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