Eva Live Inc. (NASDAQ:GOAI) shares are up during Monday’s premarket session as the company is targeting a $3 trillion opportunity in the global defense, satellite, and AI infrastructure markets.
This surge follows the announcement of a proposed acquisition of Airbeam Wireless Technologies, which is expected to enhance Eva Live’s capabilities in autonomous defense systems and AI communications.
Proposed Airbeam Wireless Acquisition
The proposed acquisition involves Eva Live acquiring a controlling 51% stake in Airbeam Wireless Technologies for approximately $16 million.
This move is set to provide access to over 260 patents and advanced semiconductor technology.
This will position the company at the forefront of three rapidly growing sectors: autonomous defense systems, AI communications infrastructure, and satellite networking.
What Eva Live (GOAI) Does And Why It Matters
Eva Live is a United States-based technology company that has developed an automated and intelligent advertiser campaign management platform, Eva Platform.
It enables advertisers to buy advertising space on several digital channels to reach their desired audience.
The company also works with businesses that utilize its in-house digital marketing capabilities, including advice, creative services, account management, production of advertising materials, media planning, and buying.
The recent acquisition of Airbeam Wireless Technologies is a strategic move that aligns with Eva Live’s vision of becoming a leader in artificial intelligence and autonomous systems.
This acquisition not only enhances their technological capabilities but also positions them to capitalize on significant growth opportunities in the defense and communications sectors.
GOAI Stock Price Activity: Eva Live shares were up 24.90% at $3.06 during premarket trading on Monday, according to Benzinga Pro data.
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