Sept 25 (Reuters) - Universal mCloud Corp MCLD.V :
* UNIVERSAL MCLOUD SIGNS BINDING LOI TO ACQUIRE ASCENT AEROSYSTEMS
* UNIVERSAL MCLOUD CORP - ACQUISITION IS VALUED AT AN ESTIMATED $6.55M USD
* UNIVERSAL MCLOUD CORP - ACQUISITION OF ASCENT IS AN ARM'S LENGTH TRANSACTION
* UNIVERSAL MCLOUD - UNDER DEAL TERMS AN ADDITIONAL $1 MILLION IN SHARES, AND $250K USD IN CASH IS CONTINGENT ON ACHIEVEMENT OF FUTURE RESULTS