Prosys Tech to Buy Nine Aircraft Engines in $25.6M Reverse Takeover
Prosys Tech signs LOI to acquire nine aircraft engines from AFD for $25.6M, triggering a rebrand and TSX Venture listing.
Prosys Tech just flipped the script on its entire business. The Montreal-based company announced it signed a letter of intent with Aeronautics Fund SCA SICAV-RAIF — known as AFD — to acquire nine aircraft engines plus their associated lease contracts in a deal valued at $25.6 million. That's a hard pivot for any company, and the market needs to know what's coming next.
This isn't just an asset purchase. The deal is structured as a reverse takeover, meaning AFD effectively takes control while Prosys provides the public shell. Once the transaction closes, Prosys sheds its current identity and rebrands as Corporation AFD Aero / AFD Aero Corporation. The renamed company's Class A common shares are then targeted for listing on the TSX Venture Exchange.
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To help fund the move, Prosys is simultaneously launching a concurrent private placement raising a maximum of $4.75 million. That's your entry point to watch if you're a retail trader eyeing early positioning before the stock hits the Venture board under its new name.
The aviation leasing space is a capital-heavy game — aircraft engines are long-duration assets with predictable cash flows tied to airline lease agreements. By acquiring both the hardware and the contracts, the newly minted AFD Aero isn't just buying metal; it's buying recurring revenue. That's the tradeable thesis here.
For now, the deal rests on a letter of intent, meaning due diligence and formal agreements still lie ahead. Watch the TSX Venture Exchange filings closely as the reverse takeover process unfolds. Continue reading at GlobalNewswire.
