M&A / Property
Nextech3D.AI to reacquire all shares of ARway

ARWY · Price
Executive Summary
- Nextech3D.AI Corp. intends to acquire the remaining 60% of Arway Corp. it does not already own, aiming to fully consolidate Arway into its existing Map Dynamics (Map D) platform.
- The transaction involves a three-cornered amalgamation where Arway shareholders will receive Nextech common shares in exchange for their Arway shares, subject to shareholder and regulatory approvals.
- The strategic rationale is to eliminate duplicative overhead, streamline operations, and create a unified, end-to-end SaaS event technology suite powered by AI, 3-D modeling, and immersive tools.
Key Details
- Transaction Structure: A three-cornered amalgamation where Arway amalgamates with a wholly owned subsidiary of Nextech.
- Consideration: Arway shareholders will receive Nextech common shares; the final exchange ratio and deemed price will be disclosed in a forthcoming shareholder circular.
- Current Ownership: Nextech currently owns approximately 15 million shares of Arway (approx. 40% stake). Nextech management collectively holds an additional 20% stake.
- Strategic Goals:
- Eliminate duplicative overhead and redundant expenses.
- Accelerate product development by unifying AI, AR, and navigation tools within the Map D event suite.
- Enhance revenue growth through higher adoption rates, stronger customer retention, and expanded recurring SaaS revenues.
- Target Capabilities (Arway): No-code, no-hardware AR navigation using visual marker tracking.
- Resulting Platform: A single end-to-end SaaS platform spanning event setup/management, AI-powered matchmaking, AR/AI venue navigation, and ticketing/payments (including upcoming blockchain capabilities).
- Regulatory Status: Completion is subject to Arway shareholder approval, CSE approval, and customary closing conditions. A notice of meeting and circular will be filed on SEDAR+.
Notable Quotes
- "This reacquisition represents the consolidation of our businesses into a stronger, more streamlined Nextech3D.AI. By fully integrating Arway with Map D, we are accelerating our vision of delivering a unified event technology suite powered by AI, 3-D modelling and immersive tools." — Evan Gappelberg, CEO
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Mar 11, 2026 · 04:29