Business
Nextech3D.ai Announces Plans to Acquire 100% of AI Spatial Computing and Event Platform ARway, Streamlining Operations
Company already owns 15million shares or about 40% of the 37 million shares outstanding in Arway Corporation ("Arway") OTCQB: ARWYF / CSE: ARWY TORONTO, ON / ACCESS Newswire / August 21, 2025 / Nextech3D.ai (OTCQB:NEXCF)(CSE:NTAR)(FSE:N29) ("Nextech" ...
About this update from Arway Corp.
[{"type":"text","content":"Company already owns 15million shares or about 40% of the 37 million shares outstanding in Arway Corporation ("Arway") OTCQB: ARWYF / CSE: ARWY","length":153,"tagName":"p"},{"type":"text","content":"TORONTO, ON / ACCESS Newswire / August 21, 2025 / Nextech3D.ai (OTCQB:NEXCF)(CSE:NTAR)(FSE:N29) ("Nextech" or the "Company"), an AI-first technology company focused on 3D modeling and event technology solutions, is pleased to announce that it intends to reacquire all of the issued and outstanding common shares of Arway Corporation ("Arway") (OTCQB:ARWYF)(CSE:ARWY) that it does not already own (the "Transaction"). The reacquisition will allow Nextech to further consolidate its technology stack with Arway and Map Dynamics ("Map D"), creating a more unified company while Streamlining Operations.","length":649,"tagName":"p"},{"type":"text","content":"Evan Gappelberg CEO Comments:","length":29,"tagName":"p"},{"type":"text","content":""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, 3D modeling, and immersive tools."","length":291,"tagName":"p"},{"type":"text","content":"Strategic Rationale - Driving Efficiency and Growth Through Streamlining","length":72,"tagName":"p"},{"type":"text","content":"Map D, Nextech's event management platform, supports hundreds of events annually with features such as interactive floor plans, exhibitor management, ticketing, badge printing, mobile apps, and soon, blockchain ticketing. By bringing Arway back under the Nextech umbrella, the Company will eliminate duplicative overhead, streamline development resources, and centralize operations under a single event technology suite.","length":424,"tagName":"p"},{"type":"text","content":"It is important to note that Nextech already owns approximately 15 million shares of Arway, representing about 40% of the company. In addition, Nextech management collectively holds approximately another 20% stake. This significant combined ownership underscores Nextech's deep alignment and vested interest in Arway's long-term success.","length":345,"tagName":"p"},{"type":"text","content":"This consolidatio...