- American Aires (AAIRF) said on Monday it entered into a non-binding letter dated June 25, 2026, for the proposed sale of certain assets to an arm’s-length third-party purchaser.
- The proposed sale includes intellectual property, technology, product materials, inventory, customer data, and other assets.
- Pursuant to the transaction, the company intends to seek a voluntary delisting from the Canadian Securities Exchange and may seek to cease being a reporting issuer.
- The proposed transaction remains subject to due diligence, a definitive agreement, shareholder, and regulatory approvals.
- Shares -4.42%.
