Polyrizon Signs MOU to Acquire Up to 20% Stake in Israeli eVTOL Developer Colugo

Polyrizon Ltd. has signed a non-binding MOU to acquire up to a 20% stake in Colugo Systems Ltd., an Israeli eVTOL drone developer. The purchase, valued at up to $6 million, will involve two shareholders selling shares on a fully-diluted basis. Payment may be in cash or Polyrizon shares, with the share price to be determined at the definitive agreement signing.

Published Mar 26, 2026

Polyrizon Ltd. announced a non-binding MOU to acquire up to a 20% stake in Colugo Systems Ltd., a developer of advanced eVTOL drones for defense and urban air mobility applications. The agreement involves the purchase of approximately 20% of Colugo's outstanding shares from two shareholders, totaling up to $6 million.

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Payment will be either in cash or through Polyrizon shares, with the share price to be determined when the definitive agreement is signed. Colugo's clients include the Israel Defense Forces and other organizations.