Iconic Labs to acquire controlling stake in Sting Industries

LONDON: Iconic Labs Plc (LON: ICON) has agreed to acquire a controlling stake of unmanned drone company, Sting Industries Ltd.The consideration is payable in a combination of convertible notes, warrants and cash, and provide a long-term financing facility to meet Sting’s working capital needs. Iconic Labs Plc (LON:ICON), a cutting-edge media, data, information, internet, security,…