AeroVironment, Inc. (NasdaqGS:AVAV) acquired Planck Aerosystems Inc. from Parrot S.A. (ENXTPA:PARRO) and others on August 17, 2022. Canaccord Genuity served as the exclusive financial advisor to Planck Aerosystems, Inc. in connection with the transaction.

AeroVironment, Inc. (NasdaqGS:AVAV) completed the acquisition of Planck Aerosystems Inc. from Parrot S.A. (ENXTPA:PARRO) and others for $5.6 million on August 17, 2022. Parrot sold 47% stake for a payment of approximately $3.2 million, including approximately $1.2 million in debt repayment (convertible loans). As of September 8, 2022 the total purchase prize is $5.6 million in which for $5.1 million plus a $0.5 million holdback, which was financed entirely from existing cash on hand.