PARIS — Satellite geospatial imagery and services provider UrtheCast Corp. on May 15 reported progress in securing financial commitments needed to avoid bankruptcy but said the deals leave it $25 million short, with time running out.
As previously disclosed — https://bit.ly/2uJebCc — none of the financial developments survive unless all of them do. Here’s where the Canadian company stood as of May 15:
— UrtheCast was obliged to raise at least $25 million as a first step in resolving its liquidity crisis . . .
To view the entire article, become a subscriber!