M&A - Aerovec Inc.

Form Type: C/A

Filing Date: 2025-04-24

Corporate Action: Acquisition

Type: Update

Accession Number: 000166516025000754

Filing Summary: AeroVec Inc. filed a corporate action to clarify terms related to an IP acquisition and the issuance of equity. The company updated its securities rights and included forward-looking disclaimers. The CEO's outside role and time commitment were disclosed, and financial terms were revised with a specified maximum of $1.23 million and a minimum of $19,997.15 for fundraising. Additionally, the deadline for the action was extended. The amount raised in the offering will consist of common stock holdings with 3% of the total raised investments being allocated to securities shared with investors along the same terms, with other provisions left to the issuer's discretion, prioritizing StartEngine Owners.