Shield AI, the Private Company in Defiance's JEDI ETF, Agrees to Acquire Echodyne for Up to $5.3 Billion and Raises New Capital at a $28.8 Billion Valuation

MIAMI, Nov. 09, 2026 (GLOBE NEWSWIRE) -- The Defiance Drone & Modern Warfare ETF (NYSE: JEDI) has held exposure to Shield AI, a privately held defense autonomy company, since August 2026, when it became the first U.S.-listed ETF to offer investors exposure to the company.* On November 5, Shield AI announced that it has agreed to acquire Echodyne Corp., a maker of compact radar systems for counter-drone and security applications, in a transaction valued at up to $5.3 billion, and that it is raising $2.5 billion in connection with the deal, including $1 billion of Series H equity at a $28.8...