Rex International completes spin-off of commercial drone unit via Xer Tech Sweden listing
Reuters2026/08/07 10:52- Rex International completed a spin-off of its commercial drone business via a reverse takeover, leaving Xer Tech AB owned by Sweden-listed Xer Tech Holding.
- Rex’s Rex Technology Investments holds about 50.4% of Xer Tech Holding, which began trading on Spotlight Stock Market under “XER” on Feb. 11, 2026.
- Rex Technology Investments transferred 6,000,000 Xer Tech AB shares for 20,454,545 newly issued shares in the acquirer at SEK 4.4 each.
- Implied consideration was about SEK 90 million, based on a valuation of the acquirer at SEK 27.81 million.
- Separately, Rex Technology Investments sold Equus Consulting AB to three employee-directors for SEK 1 cash; Equus had net liabilities of US$129,650.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Anthropic accelerates IPO preparations: promotes new General Counsel, former General Counsel appointed as International Special Ambassador
According to media reports, Anthropic has promoted Assistant General Counsel Elena Leichty to General Counsel. The former General Counsel, Jeffrey Bleich, who previously served as the US Ambassador to Australia, will assume a newly established role as International Special Envoy, focusing on global policy and diplomatic affairs. Following Leichty's promotion, her previous position will be taken over by Assistant General Counsel Rob Hester from Toronto.
Federal Reserve voting member warns: U.S. debt expansion may cause investors to sell U.S. Treasuries next year
Richmond Fed President Thomas Barkin (FOMC voter in 2027) has warned about the continuous increase in U.S. government debt: if debt continues to rise, it could eventually lead to investors stopping the purchase of U.S. Treasuries. Barkin stated that the current debt level has already become a persistent "headwind" that the Federal Reserve must contend with.
Dick's Sluggish Footwear Results Signal Pain for Deckers, Analysts Say -- Market Talk
Barclays Reportedly Flags Market Risks From Rapid AI Buildout Ahead of US Midterms
Crypto prices
More
