Satellite IoT operator Astrocast, still looking for strategic transaction, again taps investors for convertible note

by Peter B. de Selding

PARIS — Satellite IoT network operator Astrocast SA of Switzerland entered another convertible-loan agreement with existing investors, bringing the total to 7.4 million Swiss francs ($8 million) as the company continues to evaluate other sources of liquidity.

Astrocast told shareholders in September, after market conditions forced it to cancel a planned secondary listing on the Euronext Growth Paris exchange, that it needed between 60 million and 80 million Swiss francs to pursue its constellation deployment:

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