Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF, FRA:1SS) has provided an update on its planned acquisition of the outstanding shares of ARway Corporation that it does not already own, with the company expecting the transaction to close in October.
The companies announced they have entered into a definitive agreement dated July 24, setting out the terms of the previously announced transaction
Nextech currently owns about 15 million ARway shares, representing roughly 40% of the company, while ARway management and insiders own an additional approximately 20%. Upon completion, ARway will become a wholly owned subsidiary of Nextech, consolidating the company’s augmented reality, event technology and intellectual property assets under a single corporate structure. On a standalone basis, ARway generated approximately $1.58 million in revenue and approximately $1.52 million in gross profit for the fiscal year ended March 31, 2026.
Nextech said the acquisition is intended to combine ARway and its Map Dynamics event management platform with Nextech’s existing technology offerings to streamline operations and expand its AI-powered event technology platform. The combined platform is expected to include event registration, exhibitor management, interactive floor plans, AI-powered attendee matchmaking, augmented reality navigation, payment processing, blockchain ticketing, and 3D modeling capabilities. “This transaction is about simplification, scale, and value creation. By consolidating 100% ownership of ARway, we are bringing together technologies that are highly complementary and strategically important to our future,” Nextech CEO Evan Gappelberg said in a statement. “The result is a more unified company, a stronger product offering, and a clearer path toward growing recurring SaaS revenue.