Armory Securities, LLC announces the successful restructuring of the assets of Inevitable Tech Inc. (“Inevitable Tech”). Armory served as the exclusive financial advisor to Inevitable Tech in conjunction with the transaction.
Inevitable Tech is a business-to-business (B2B) agricultural technology platform that designs and develops cutting-edge growing systems for farmers that enable them to better manage their crops. Inevitable Tech’s technology includes data collection and mapping, as well as AI-driven diagnostics. The platform provides farmers with easy-to-use devices powered by proprietary hardware and software, allowing them to collect data in real-time.
In May 2023, Iron Ox, Inc. rebranded from a company focused on fully automated greenhouses and other technology hardware to Inevitable Tech Inc., a B2B agriculture technology hardware and software platform, with the help of Armory. The transition included the formation of a new, wholly owned subsidiary which facilitated the plan to provide Inevitable Tech with additional short-term liquidity, while consummating a strategy to raise long-term capital to fund its revised business plan. The successful outcome resulted in a mutually beneficial and consensual solution for Inevitable Tech and its lenders.
For information on this transaction or about Armory Securities, please contact one of the following deal team members:
Nick Tell
Senior Managing Director
ntell@armorysecurities.com
310.220.6403
Dave Clark
Managing Director
dclark@armorysecurities.com
619.990.4682
Michael Uyemura
Director
muyemura@armorysecurities.com
972.591.7793
Nancy Mannebach
Vice President
nmannebach@armorysecurities.com
718.307.2727
Armory Securities, a division of Armory Group, LLC, is a leading investment bank dedicated to helping middle market companies and their constituents. Armory Group, through its subsidiaries, provides investment banking services, asset management services and advisory services, including enterprise transformation and interim management, to middle market companies and their stakeholders. Learn more about Armory Group, and its subsidiaries, at www.armorygroupllc.com.
Armory Securities, LLC, member FINRA, Member SIPC