Nearthlab Signs $10M Drone Export Deal, Plans Defense IPO
Drone startup Nearthlab, maker of the "Kaiden" autonomous interceptor drone, signed a $10M export contract with a Middle Eastern country last year. The company aims to become the first drone company to go public in South Korea, targeting a KOSDAQ listing within 2026, and plans to use IPO proceeds to set up local subsidiaries in the United States and Europe.
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