Startup cubesat constellation operator Sky and Space Global solves immediate cash crisis with new funding

by Peter B. de Selding

UDATE March 19: Sky and Space Global said its priority offer to shareholders of 3 million Australian dollars ($2.21 million) in shares at 3 Australian cents per share was oversubscribed, and that it will accept the oversubscriptions. The total amount raised will be announced once the funds have cleared, the company said. An earlier placement had raised 12 million Australian dollars. The most immediate priority was to make overdue payments to satellite prime contractor GomSpace.

LONDON — Startup commercial voice, data and M2M satellite constellation operator Sky and Space Global has . . .

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