Coastal Capital Acquisition Corporation Announces Acquisition of Controlling Shares by Recon Aerospace & Defense to Drive Innovation and Market Growth
Monday, March 17, 2025
Location: [Jacksonville, Florida] – Coastal Capital Acquisition Corporation (OTC: CCAJ) is thrilled to announce that Recon Aerospace & Defense Inc., a prominent leader in advanced aerospace technologies, has acquired controlling shares from Panthera Capital Holdings, LLC.
This strategic acquisition marks a significant milestone for both Recon and Coastal Capital, allowing expansion of product offerings and competitive position within the dynamic aerospace sector. After this acquisition, Recon plans to integrate its cutting-edge technology and innovative product line, which includes groundbreaking advancements in aircraft systems and sustainable aviation solutions. This collaboration aims to enhance operational capabilities, ultimately delivering increased value to both shareholders and clients. Recon is poised to address the evolving demands of the aerospace industry and meet the challenges of the future.
“We are elated to welcome Recon Aerospace into the Coastal Capital family,” said Rohn Monroe, Chairman of Coastal Capital Acquisition Corporation and Panthera Capital Holdings, LLC. “This acquisition aligns perfectly with our strategy of fostering innovation and growth in high-potential markets. By merging our strengths and vision, we are strategically positioned to redefine the landscape of aerospace technology and provide unparalleled solutions that will benefit our customers and stakeholders.
The integration of Recon’s operations will allow for the streamlining of processes and acceleration of product development cycles. This collaboration is expected to enhance operational efficiencies significantly and enable the company to respond more effectively to market demands, emerging technological trends, and customer needs. Coastal Capital’s robust infrastructure combined with Recon’s innovative capabilities will create a powerful synergy, fostering an environment ripe for growth and advancement.
Moreover, this acquisition enhances Coastal Capital and Recon access to capital markets, facilitating increased investment in critical areas such as research and development. The companies are committed to advancing technology, focusing on next-generation aircraft systems, sustainable aviation solutions, and improved safety measures. This strategic investment by Recon will drive innovation to deliver state-of-the-art solutions that address the complexities of modern aviation. Recon’s technology overview can be found at their website: www.reconaerospaceusa.com.
“This acquisition opens a wealth of opportunities for growth and collaboration,” added LeRoy Aday, CEO of Recon Aerospace & Defense Inc. “We are confident that by uniting our resources and expertise, we will create a robust platform for innovation that will benefit our clients and shareholders alike. Together, we will explore new horizons in aerospace technology, pushing the boundaries of what is possible.” The transaction is expected to be finalized within the coming weeks, subject to customary closing conditions and regulatory approvals.
For more information about Coastal Capital Acquisition Corporation and its exciting new partnership with Recon Aerospace & Defense Inc., please visit https://reconaerospaceusa.com/
Media Contact:
Coastal Capital Acquisition Corporation media@coastalcapitalac.com
Recon Aerospace & Defense, Inc. info@reconaerospaceusa.com
About Coastal Capital Acquisition Corporation:
Coastal Capital Acquisition Corporation (OTC: CCAJ) is a publicly traded company focused on identifying and acquiring innovative companies in high-growth sectors. With a strong commitment to shareholder value, CCAJ aims to create long-term growth through strategic partnerships and acquisitions, driving innovation and creating a positive impact in the industries it serves.
About Recon Aerospace:
Recon Aerospace & Defense Inc. is a pioneer in aerospace technology, dedicated to developing innovative solutions that enhance performance and safety in the aerospace industry. With a commitment to excellence and a focus on sustainability, Recon Aerospace is at the forefront of the aerospace revolution, consistently pushing the boundaries of what is possible in aviation technology. Through its cutting-edge research and development efforts, Recon Aerospace strives to set new standards in the industry, ensuring safer, more efficient, and environmentally friendly aviation solutions for the future.Check back soon to see our Newsroom.