India, Oct. 6 -- Nexus Advanced Technologies Inc. (NXAT, NXATW, KWMWW), a technology company, on Tuesday announced that it has signed an exclusivity agreement to negotiate a potential reverse merger with an unnamed U.S. defense technology company.
The company said the undisclosed company has received non-binding letters of intent for potential projects with an aggregate indicated value of approximately $7 billion.
The company said that the undisclosed company is being valued at approximately $500 million.
The undisclosed company holds a license for weapons technology intended for counter-drone defense applications.
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The undisclosed company's shareholder...