Sky and Space Global capital raise falls short, shareholders to vote on repriced, 2-part transaction

by Peter B. de Selding

PARIS — Sky and Space Global, a satellite IoT and messaging startup whose project has been stalled because of liquidity issues, said its shareholders declined to subscribe to the full recapitalization of 15 million Australian dollars ($10.4 million), forcing a separate attempt to place the shortfall.

Australia-traded, British-registered Sky and Space (SAS) had received shareholder approval in late September to raise the 1.5 billion new shares but its efforts in October to confirm that support yielded just 10.9 million Australian dollars.

The company . . .

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