Startup satellite signals-intel provider Kleos Space raises $9.3M in share issue, easing liquidity stress

by Peter B. de Selding

PARIS — Startup satellite-based signals intelligence provider Kleos Space S.A. raised $9.3 million by issuing new equity priced at a 9.6% discount to recent Kleos trading on the Australian Securities Exchange (ASX).

The new cash will help ease Kleos’s still-tenuous liquidity, which the company has said is the lingering result of the months-long delay in the launch of its first four-satellite cluster, which was placed into orbit in November 2020.

That cluster is still undergoing testing but is . . .

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