Nicholas Weston advises UAM Tec on investment round

This round was UAM Tec’s first external investor, with the term sheet, definitive share sale agreement, and shareholder agreement signed and completed in June 2021.

Nicholas Weston has advised Melbourne, Australia based Autonomous Underwater Vehicle (AUV) enterprise, UAM Tec Pty Ltd on a multi-million investment round in the company by a local strategic investor.

The firm’s Nick Weston advised on all key aspects of the transaction, drafted and negotiated all key documents including a share split, EGM notice and new company Constitution. Nick Weston is a long term trusted advisor to UAM Tec as the innovative company’s virtual General Counsel.

UAM Tec is an Australian company developing the best-in-class AUV in the <5 metre AUV market that brings together past decades of industry evolution, leading edge sensor and camera technology, machine learning, advanced processing capabilities and high yield power supplies.

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