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Subsequent Events
9 Months Ended
Jun. 30, 2024
Subsequent Events  
Subsequent Events

10. Subsequent Events

On July 22, 2024, the Company entered into that certain Amendment No. 3 to Asset Purchase and License Agreement (the “Amendment”) with Honeywell.

Pursuant to the Amendment, Honeywell sold, assigned or licensed to the Company certain additional assets related to its communication and navigation product lines, including a sale of certain inventory and customer-related documents; an assignment of certain contracts; and a grant of exclusive and non-exclusive licenses to use certain Honeywell intellectual property related to its communication and navigation product lines to manufacture, upgrade and repair certain additional products for consideration of $4.2 million in cash. This Amendment complements the previously disclosed license and asset acquisition completed in June 2023 from Honeywell.