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Home Press Release Accesswire

ARway Provides Update on Proposed Acquisition by Nextech3D.ai; Closing Expected in October 2026

August 5, 2026
in Accesswire, Artificial Intelligence
Reading Time: 11 mins read
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TORONTO, ON / ACCESS Newswi e / August 4, 2026 / Nextech3D.ai (CSE:NTAR)(OTCQB:NEXCF)(FSE:1SS) (“Nextech” o the “Compa y“), a AI-fi st eve t tech ology a d 3D modeli g compa y, today p ovided a update ega di g its p eviously a ou ced acquisitio of all outsta di g sha es of ARway Co po atio (CSE:ARWY)(OTC PINK:ARWYF) (“ARway“) that it does ot al eady ow .

O a sta dalo e basis, ARway ge e ated eve ue of app oximately $1.58 millio a d g oss p ofit of app oximately $1.52 millio fo the fiscal yea e ded Ma ch 31, 2026.

Nextech a d ARway a e pleased to joi tly a ou ce that they have e te ed i to a defi itive ag eeme t dated July 24, 2026 (the “Defi itive Ag eeme t“) setti g fo th the te ms a d co ditio s of thei p eviously a ou ced t a sactio (the “T a sactio “), pu sua t to which Nextech p oposes to acqui e all of the commo sha es of ARway (the “ARway Sha es“).

Nextech cu e tly ow s app oximately 15 millio ARway Sha es, ep ese ti g app oximately 40% of ARway’s outsta di g sha es, while ma ageme t a d i side s ow a additio al app oximately 20%. The T a sactio will allow Nextech to fu the co solidate its tech ology stack with ARway a d Map Dy amics (“Map D”), c eati g a mo e u ified a d competitive offe i g fo the global eve ts i dust y while st eamli i g ope atio s.

Closi g is a ticipated i Octobe 2026. Upo completio of the T a sactio , ARway will become a wholly ow ed subsidia y of Nextech, co solidati g ow e ship of ARway’s tech ology, i tellectual p ope ty, a d eve t tech ology assets u de a si gle co po ate st uctu e.

St ategic Be efits

ARway ow s Map D, a leadi g eve t ma ageme t platfo m that suppo ts hu d eds of eve ts a ually th ough i te active floo pla s, exhibito ma ageme t, a d eve t e gageme t tech ologies.

By i teg ati g ARway a d Map D di ectly i to Nextech, ma ageme t believes the Compa y will be bette positio ed to:

  • Accele ate p oduct i ovatio

  • Elimi ate duplicate ove head

  • Imp ove ope atio al efficie cy

  • Delive a mo e comp ehe sive AI-powe ed eve t tech ology platfo m

The combi ed tech ology stack will spa :

  • Eve t egist atio a d ticketi g

  • I te active floo pla s

  • Exhibito ma ageme t

  • AI-powe ed atte dee matchmaki g

  • AR a d AI avigatio

  • Mobile eve t e gageme t

  • Payme t p ocessi g

  • Blockchai ticketi g

  • 3D modeli g a d spatial computi g

CEO Comme ta y

Eva Gappelbe g, CEO of Nextech3D.ai, comme ted:

“This t a sactio is about simplificatio , scale, a d value c eatio . By co solidati g 100% ow e ship of ARway, we a e b i gi g togethe tech ologies that a e highly compleme ta y a d st ategically impo ta t to ou futu e. The esult is a mo e u ified compa y, a st o ge p oduct offe i g, a d a clea e path towa d g owi g ecu i g SaaS eve ue. We believe this positio s Nextech to accele ate i ovatio while c eati g g eate lo g-te m value fo sha eholde s.”

Looki g Ahead

Ma ageme t of Nextech believes completio of the acquisitio will fu the st e gthe Nextech’s positio as a AI-fi st tech ology compa y focused o eve t tech ology, spatial computi g, augme ted eality, a d digital e gageme t solutio s.

As the Compa y adva ces towa d the a ticipated Octobe 2026 closi g, Nextech emai s focused o :

  • I teg ati g its tech ology po tfolio

  • Expa di g ecu i g SaaS eve ue oppo tu ities

  • C eati g lo g-te m sha eholde value th ough a mo e st eamli ed a d ope atio ally efficie t busi ess

Fu the Details of the T a sactio

  • 38,641,161 ARway Sha es a e cu e tly outsta di g.

  • 236,660,791 Nextech Sha es a e cu e tly outsta di g.

  • A agg egate of app oximately 19,866,921 Nextech Sha es will be issuable as co side atio fo the T a sactio .

  • Deemed value of $0.065 pe ARway Sha e a d $0.12 pe Nextech Sha e.

  • Excha ge atio of app oximately 0.5141388221 Nextech Sha es fo each o e (1) ARway Sha e (the “Excha ge Ratio“).

Pu sua t to the Defi itive Ag eeme t, the T a sactio will p oceed by way of a th ee-co e ed amalgamatio , whe eby ARway will amalgamate with a wholly ow ed subsidia y of Nextech a d sha eholde s of ARway will eceive Nextech Sha es o a p o ata basis, calculated based o thei existi g holdi gs of ARway Sha es a d the Excha ge Ratio.

All Nextech Sha es acqui ed by Nextech as a existi g sha eholde of ARway pu sua t to the T a sactio will be ca celled immediately followi g completio of the T a sactio .

The e a e ot expected to be a y cha ges to the ma ageme t of eithe Nextech o ARway as a esult of the T a sactio . The ARway Sha es will be delisted f om the Ca adia Secu ities Excha ge upo completio of the T a sactio .

Completio of the T a sactio emai s subject to:

  • App oval by ARway sha eholde s;

  • App oval of the Ca adia Secu ities Excha ge; a d

  • Satisfactio of customa y closi g co ditio s.

A otice of meeti g a d ma ageme t i fo matio ci cula co tai i g full details of the T a sactio will be filed o SEDAR+ i due cou se.

The e ca be o assu a ce that the T a sactio will be completed as p oposed, o at all.

Fu the details ega di g the p oposed T a sactio will be i cluded i a disclosu e docume t to be p epa ed a d filed i co ectio with the T a sactio . I vesto s a e cautio ed that, except as disclosed i such disclosu e docume t, a y i fo matio eleased o eceived with espect to these matte s may ot be accu ate o complete a d should ot be elied upo .

About Nextech3D.ai

Nextech3D.ai is a AI-fi st tech ology compa y focused o t a sfo mi g e gageme t th ough a tificial i tellige ce, eve t tech ology, spatial computi g, augme ted eality, a d imme sive digital expe ie ces.

Th ough its po tfolio of e te p ise softwa e, AI solutio s, a d eve t tech ology platfo ms, Nextech helps o ga izatio s c eate mo e e gagi g a d p oductive expe ie ces fo custome s, employees, a d eve t pa ticipa ts.

Fo Mo e I fo matio

Fo Fu the I fo matio

Nextech3D.ai a d ARway Co po atio Eva Gappelbe gChief Executive Office & Di ecto Tel: 866-ARITIZE (274-8493)

Fo wa d-Looki g Stateme ts

The Ca adia Secu ities Excha ge has ot eviewed a d does ot accept espo sibility fo the adequacy o accu acy of this ews elease.

Ce tai i fo matio co tai ed he ei may co stitute “fo wa d-looki g i fo matio ” withi the mea i g of applicable Ca adia secu ities legislatio . This ews elease co tai s fo wa d-looki g stateme ts elati g to, amo g othe thi gs, the a ticipated completio of the acquisitio of the emai i g outsta di g sha es of ARway, the expected timi g of closi g, a ticipated st ategic a d ope atio al be efits, futu e eve ue oppo tu ities, a d g owth i itiatives.

Ge e ally, fo wa d-looki g i fo matio ca be ide tified by the use of fo wa d-looki g te mi ology such as “will,” “expects,” “a ticipates,” “believes,” o va iatio s of such wo ds a d ph ases. Fo wa d-looki g stateme ts a e based o ma ageme t’s cu e t expectatio s a d assumptio s a d a e subject to k ow a d u k ow isks, u ce tai ties, a d othe facto s that could cause actual esults to diffe mate ially f om those exp essed o implied by such stateme ts.

The e ca be o assu a ce that the T a sactio will be completed as p oposed, o at all, o that the a ticipated be efits of the T a sactio will be ealized.

Acco di gly, eade s a e cautio ed ot to place u due elia ce o fo wa d-looki g stateme ts. Neithe Nextech o ARway u de takes a y obligatio to update o evise a y fo wa d-looki g i fo matio , except as equi ed by applicable secu ities laws.

SOURCE: ARway Co po atio

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