NexTech AR Solutions (TSE:NTAR) has released an update.
In a strategic move to concentrate on its high-margin generative AI-powered 3D modeling technology, Nextech3D.ai has sold its subsidiary, Map Dynamics, to ARway.ai for 4 million shares, heightening its focus on core 3D and AI competencies. The divestiture, expected to close in early June, simplifies Nextech3D.ai’s operations and signifies a deeper investment in the digital commerce revolution. This decision not only streamlines the company’s business model but also promises mutual benefits for shareholders as it boosts ARway.ai’s financials with additional revenue and cash flow.
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