Tonner Drones Retains Stake in Elistair

Tonner Drones announced it retains its 11.4% stake in Elistair after finalizing an amendment to its settlement contract. Initially, in September 2024, the company planned to sell half of its Elistair shares to Ott Heritage and Bradley Taylor for €800,000 due to low cash reserves. However, with an improved financial position, Tonner Drones opted to unwind the transaction, paying €471,463 to maintain its original stake.

This decision leaves Tonner Drones with a robust cash reserve exceeding €1.5 million at the end of March. CEO Diede van den Ouden expressed satisfaction with closing past deals and emphasized the company's shift from restructuring to focusing on future growth. The agreement represents a strategic step for Tonner Drones as it continues its involvement in the drone sector.