UAE company Edge confirms 30% investment in Israel's Thirdeye Systems to become the largest single shareholder

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"Abu Dhabi-based defense group Edge has confirmed the purchase of a 30% stake in Israeli company Thirdeye Systems (TASE: THES). The deal was signed a year ago. Now, the shareholders meeting of the Israeli company is due to convene on January 15 to approve the deal was signed a year agol terms of the deal. ...

Thirdeye Systems, headed and co-founded by Lior Segal, is a developer of electro-optic systems that incorporate AI capabilities for drones. Edge is investing $10 million for 30% of the company, which will make it the largest single shareholder. Thirdeye Systems has a market cap of NIS 138 million, after a 42.5% rise in its share price in the past year. ..."

UAE co Edge confirms investment in Israel's Thirdeye Systems - Globes "The deal was signed a year ago, and Thirdeye Systems' shareholders are due to meet to approve in on January 15."