Sky and Space Global secures ~ 6 months’ liquidity, promises imminent refinancing

by Peter B. de Selding

PARIS — Satellite IoT and messaging startup Sky and Space Global, still seeking to complete a capital raise of 15 million Australian dollars ($10.1 million) authorities by shareholders, said its R&D tax rebate from the British government provides enough liquidity to continue operations for six months.

The company, registered in the U.K. but traded on Australia’s ASX, said that as of Sept. 30 it had 475,000 Australian dollars in cash and had used 1.53 million Australian dollars in the three previous months.

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