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Stock impact report

VOXX International Corporation Announces Joint Venture Between EyeLock LLC and GalvanEyes Partners LLC

VOXX International Corporation - Class A (VOXX) 
Last voxx international corporation - class a earnings: 7/10 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.voxxintl.com/investor-relations
Company Research Source: PR Newswire
Companies reach agreement to engage in a joint venture and form new entity – BioCenturion, LLCORLANDO, Fla., March 7, 2024 /PRNewswire/ -- VOXX International Corporation (NASDAQ: VOXX), a leading manufacturer and distributor of automotive and consumer technologies for the global markets, today announced that its majority owned subsidiary, EyeLock LLC, has entered into a joint venture agreement (the "Agreement") with GalvanEyes Partners LLC to form BioCenturion, LLC. The combination of both companies will create a stronger and more streamlined organization bringing together technology, R&D, sales, marketing, and business development under one roof, while opening new avenues for growth.Under the Agreement, both companies will be contributing selected assets and liabilities to the joint venture. GalvanEyes will serve as the managing member and will be responsible for all working capital needs over the next two years, after which, the companies will evaluate the best path forward for the Show less Read more
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