After exhausting alternatives, Sky and Space Global to ask shareholders for another cash lifeline

by Peter B. de Selding

PARIS — Narrowband satellite constellation startup Sky and Space Global is asking its shareholders to invest further in the company to carry it through the current liquidity crisis to the promised early revenue.

In what looks like a last-ditch effort to secure funds that apparently have been unavailable elsewhere, Sky and Space will ask current shareholders to purchase 1.5 billion new shares to raise 15 million Australian dollars ($10.5 million).

A shareholder meeting is scheduled for Sept. 27.

The latest share . . .

To view the entire article, become a subscriber!

You may also like

Our greatest offer yet

You’ve been selected to enjoy 6 months of access to Space Intel Report for just $245.