UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.01 Entry into a Material Definitive Agreement.
On May 6, 2025, Brooqly, Inc., doing business as Dynamic Aerospace Systems (“DAS”), entered into a Memorandum of Understanding (the “MOU”) with Drops Smart Hubs (“Drops”), a Greece-based developer of autonomous smart hub infrastructure for drone operations. The MOU sets forth a non-binding framework for a strategic collaboration between the parties aimed at advancing drone logistics technologies and infrastructure in Greece and select U.S. locations.
Under the MOU, Drops will serve as the exclusive supplier and distributor of DAS’s unmanned aerial vehicles to local UAV operators throughout Greece. DAS will provide training, integration support, and ongoing maintenance for its drone technologies. The companies will collaborate to integrate DAS’s autonomous delivery platform, Dynamic Deliveries, with Drops’ smart hub infrastructure. This includes operational planning for the use of Drops’ hubs as pick-up, drop-off, and service nodes for last-mile autonomous drone delivery.
The parties also intend to negotiate a mutually beneficial revenue-sharing model and collaborate on marketing initiatives to promote autonomous logistics solutions across Greece. A pilot program will be launched in Greece to assess the performance and scalability of this integrated platform. The MOU includes provisions regarding intellectual property ownership, exclusivity, compliance with aviation and data privacy laws, and shared performance metrics. The term of the MOU is one year, and either party may terminate with 60 days’ written notice.
A copy of the executed MOU is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
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Item 7.01 Regulation FD Disclosure.
On May 7, 2025, Drops issued a press release announcing the signing of the MOU with DAS. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.
The information set forth in this Item 7.01 and in Exhibit 99.1 is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, except as shall be expressly set forth by specific reference in such filing.
Forward Looking Statement
This Current Report on Form 8-K and the exhibits furnished or filed herewith contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the anticipated benefits of the Memorandum of Understanding, the potential for commercial integration of drone technologies, the development of last-mile delivery networks, and the parties' future collaborative efforts. These forward-looking statements are based on current expectations and assumptions and are subject to a number of risks and uncertainties that may cause actual results to differ materially from those described. Factors that may cause actual results to differ include, but are not limited to, the ability of the parties to finalize definitive agreements, operational and regulatory challenges, and changes in market conditions. The Company undertakes no obligation to update any forward-looking statements contained in this report, except as required by applicable law.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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104 |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BrooQly Inc., DBA Dynamic Aerospace Systems | ||
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/s/ Kent Wilson |
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By: Kent Wilson |
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Title: CEO / Chairman of Board |
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Date: May 7, 2025 | ||
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