# Astro Aerospace to acquire Horizon Aircraft for five million shares

Astro Aerospace Ltd. has entered into a definitive agreement to acquire Horizon Aircraft Inc. for five million common shares of Astro stock, broadening its eVTOL capabilities.

- Type: Acquisition
- Announced: 2021-04-29
- Where: Dallas, Texas, United States
- Status: announced
- Products: eVTOL aerial vehicles, drones
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Astro Aerospace](https://endata.com/companies/53323.md) (acquirer)
- [Horizon Aircraft Inc.](https://endata.com/companies/53324.md) (target)

## Sources

- [nasdaq.com](https://www.nasdaq.com/press-release/astro-aerospace-announces-definitive-agreement-to-acquire-horizon-aircraft-2021-04-29), 2021-04-29: "Astro and Horizon, two organizations focused on developing innovative air mobility solutions, is a very exciting and promising combination."
- [eijournal.com](https://eijournal.com/news/business-2/astro-aerospace-announces-definitive-agreement-to-acquire-horizon-aircraft), 2021-04-30: "Astro Aerospace Ltd. and Horizon Aircraft Inc. have entered into an agreement under which Astro will acquire privately held Horizon for five million common shares of Astro stock."
- [ftnnews.com](https://ftnnews.com/travel-news/aviation/astro-aerospace-to-acquire-horizon-aircraft/), 2021-05-03: "Astro and Horizon, two organizations focused on developing innovative air mobility solutions, is a very exciting and promising combination."
- [compositesworld.com](https://www.compositesworld.com/news/astro-aerospace-announces-definitive-agreement-to-acquire-horizon-aircraft), 2021-05-06: "Astro and Horizon, two organizations focused on developing innovative air mobility solutions, is a very exciting and promising combination."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.