Eva Live to Acquire 51% of Airbeam Wireless for $16 Billion
Eva Live Inc. has signed a Letter of Intent to acquire a 51% stake in Airbeam Wireless Technologies, valuing the company at $16 billion. This strategic move is expected to enhance Eva Live’s capabilities in AI and autonomous drone communications.
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Eva Live Inc. (NASDAQ:GOAI) is set to acquire a controlling 51% stake in Airbeam Wireless Technologies Inc. for approximately $16 billion. The company currently trades at $2.45 with a market capitalization of $89.5 million and has experienced a 67% decline in stock value this year.
Airbeam’s wireless modules support multi-gigabit backhaul for AI processing and high-bandwidth networks for defense and commercial applications. Post-acquisition, Eva Defense plans to accelerate developments in autonomous drone communications, advanced beamforming, and smart city infrastructure. The acquisition may pose risks given Eva Live's ongoing deficit despite a 60% revenue increase to $17.3 million in the last year.
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