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Kevin Boscamp
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Follow the Money: Aerwave Lands $20M for Connectivity Platform, Align Capital Partners Raises $620M for Third Fund, and More
by Kevin Cummings | Nov 7, 2022
In this week’s North Texas deal flow, you’ll also find news about automated payment solutions startup UPAY raising new funds; Fort Worth’s Star Castle Ventures' $5.25M raise; Carlyle Group acquiring a majority stake in Dallas’ Aspen Power Partners; CenterOak Partners selling Wetzel’s Pretzels for $207M; and other deals.
by Dallas Innovates | Staff Report |
Nov 1, 2022
Garland-based TV Ammo—the parent company of True Velocity and LoneStar Future Weapons—is merging with Irving-based Breeze Holdings Acquisition Corp. in the Nasdaq-focused deal.
True Velocity's composite-cased ammunition reduces weight 30% compared to brass-cased cartridges, providing what the company calls "exceptional accuracy and consistency" while reducing heat transfer to the weapon platform for defense, law enforcement, and commercial sectors.
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