Vaeridion is deploying a long wingspan to maximize range for an aircraft it believes will find roles in the private aviation and regional air mobility sectors.
The Chinese company is eagerly awaiting an uptick in revenues once initial type certification is in hand and it can accelerate deliveries of the two-seat autonomous vehicle.
A merger preceding a combined Nasdaq market listing could be approved on September 8, with the transaction expected to be concluded during the fourth quarter of this year.