True Velocity

Follow the Money: Aerwave Lands $20M for Connectivity Platform, Align Capital Partners Raises $620M for Third Fund, and More

by | 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.
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Garland-Based Innovative Composite Ammunition Maker Set to Go Public with Expected $1.21B Valuation
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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Meet the Finalists: The Innovation Awards 2022, Presented by Dallas Innovates and D CEO
Now in its third year, the program from Dallas Innovates and D CEO honors 78 disruptors and trailblazers driving a new vision for innovation in North Texas.
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