Small satellite builder GomSpace asks shareholders to subscribe to new shares to avoid liquidity shortfall

by Peter B. de Selding

PARIS — Merchant small-satellite builder GomSpace is asking shareholders to take a 60% dilution as part of a large issuance of new shares to avoid a cash problem that otherwise could occur in the next two months.

If the offer to shareholders is fully subscribed, GomSpace will sell 94.1 million new shares at a price of 1.30 Swedish krona per share, generating 122 million krona ($11.74 million) in proceeds.

Of that amount, 53.6 million krona will be an offset for a convertible loan . . .

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