VOXX International announces JV between EyeLock and GalvanEyes Partners [Seeking Alpha]
VOXX International Corporation - Class A (VOXX)
Last voxx international corporation - class a earnings: 7/10 04:05 pm
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US:NASDAQ Investor Relations:
investors.voxxintl.com/investor-relations
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Source: Seeking Alpha
Under the agreement, both companies will contribute selected assets and liabilities to the joint venture. According to the company, GalvanEyes will serve as the managing member and will be responsible for all working capital needs over the next two years. The new entity will be run by Allen Ibaugh, who served both as President of EyeLock and CEO of GalvanEyes and will combine and manage the talent from both organizations. BioCenturion has been structured as a 50/50 joint venture, whereby GalvanEyes will manage all day-to-day business operations and EyeLock will have veto rights as it relates to various fundamental company matters. In conjunction with this transaction, Beat Kahli has stepped down as president of VOXX but will continue to serve as co-vice chairman of the company's board. Kahli will also serve as chairman of the board and chief executive officer of BioCenturion. Recommended For You Recommended For You About VOXX Stock Related Stocks Trending Analysis
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VOXX
Sec Filings
- 4/16/24 - Form 4
- 3/7/24 - Form 8-K
- 2/13/24 - Form SC
- VOXX's page on the SEC website