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 . . .

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