Geospatial imagery provider UrtheCast, in bankruptcy, gets $1M DIP funding & still sees a future constellation

by Peter B. de Selding

PARIS — Geospatial imagery and analytics provider UrtheCast Corp. expects to sell both core and non-core assets as part of its Canadian bankruptcy procedure, equivalent to the U.S. Chapter 11, but is holding on to its long-held ambition of financing its radar and optical satellite constellations.

Vancouver-based UrtheCast filed for what in Canada is called the Companies’ Creditors Arrangement Act (CCAA) on Sept. 4. Ernst & Young Inc. is the court-approved monitor for the proceedings.

The company reported debt . . .

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.