Astro Aerospace to acquire Horizon Aircraft

Astro Aerospace, a developer of eVTOL aerial vehicles and drones, and Horizon Aircraft, also a developer of advanced eVTOLs, have entered into an agreement under which Astro will acquire privately held Horizon for five million common shares of Astro stock. The transaction was unanimously approved by the respective Boards of Directors. The acquisition will broaden Astro’s capabilities, and become a leading eVTOL platform while continuing to invest and innovate. The company’s acquisition of Horizon is expected to close in approximately ten days, subject to customary closing conditions. Upon closing the transaction, the CEO and Co-Founder of Horizon, Brandon Robinson, will