02:19 PM EST, 12/20/2024 (MT Newswires) -- Firan Technology Group ( FTGFF ) on Friday said it has completed its acquisition of Flyht Aerospace Solutions.

Shareholders could receive, in exchange for each Flyht share held, (i) $0.1103 in cash and 0.03 of a Firan ( FTGFF ) share (ii) $0.34 in cash or (iii) half a Firan ( FTGFF ) share. The consideration is subject to a total maximum cash consideration of $4.3 million and a total maximum share consideration of 1.3 million Firan ( FTGFF ) shares.

Flyht shares will now be delisted from the TSX Venture Exchange.

Firan ( FTGFF ) was last seen up $0.07, to $7.35 on the Toronto Stock Exchange.

Price: 7.35, Change: +0.07, Percent Change: +0.96