Canada’s UrtheCast races to find $25M for financial rescue before cash runs out

by Peter B. de Selding

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 — — 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 . . .

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