Nextech3D.AI Advances Towards Full Acquisition of ARway

Nextech3D.ai is moving closer to acquiring the remaining shares of ARway Corporation to streamline operations and bolster its AI-powered event technology platform. The companies have signed a definitive agreement detailing the conditions of the transaction, expected to conclude by October 2026. Currently, Nextech holds 40% of ARway shares, while management owns another 20%.

ARway, which earned approximately $1.58 million in revenue for the fiscal year ending March 2026, will become a fully owned subsidiary of Nextech. This move aims to unify Nextech's technological offerings, consolidating assets like ARway's Map Dynamics into a single corporate structure. The acquisition is poised to enhance Nextech's event management capabilities.

The transaction will be carried out through a three-cornered amalgamation. ARway shares will be exchanged for Nextech shares based on a predefined ratio. Upon completion, ARway shares will be delisted from the Canadian Securities Exchange.