Aether Global Innovations Provides Clarifying Disclosures Respecting Status of Arion Transaction

Executive Summary

• Aether Global Innovations Corp. confirms that the previously announced acquisition of Arion Defense Inc. has not been completed and remains at the non‑binding letter of intent (LOI) stage.
• Completion of the proposed transaction is subject to multiple conditions, including definitive agreements, due diligence satisfaction, and regulatory/Exchange approvals; there is no assurance it will close.
• The company currently has no active business operations or operating assets and cautions investors not to rely on prospective information about Arion’s technologies until a definitive agreement is executed.

Key Details

• LOI Terms: Potential acquisition of Arion for 20,156,994 Aether common shares at an implied price of $0.36 per share.
• Status: LOI is non‑binding; no definitive agreement has been signed.
• Conditions to Closing: Negotiation and execution of definitive documentation, satisfactory due diligence, receipt of all required corporate, regulatory, and Canadian Securities Exchange approvals.
• Regulatory Impact: If completed, the transaction would constitute a “Fundamental Change” under CSE Policy 8, requiring additional Exchange and shareholder approvals.
• Company Operations: Aether currently has no active business operations or operating assets; existing “About” language should not be interpreted as indicating ongoing commercial activity.
• Arion Overview (non‑material to Aether): Security‑focused firm working on counter‑drone technologies and a footwear scanning platform; holds an exclusive patent license from Pacific Northwest National Laboratory for the latter.
• Investor Caution: No further updates will be provided unless a definitive agreement is entered into, the LOI is terminated, or disclosure is otherwise required by law.

Notable Quotes

“The Company wishes to clarify that, as of the date hereof, it does not have any active business operations or operating assets… The Company cautions investors not to place undue reliance on information related to the Proposed Transaction.” – Rick Unrau, CEO, Aether Global Innovations Corp.