UrtheCast back on the precipice after Deimos CEO resignation, liquidity deadlines

by Peter B. de Selding

PARIS — Geospatial satellite imagery and services provider UrtheCast Corp., which in May seemed to have secured financing to develop its planned satellite constellation, is confronting a new cash crisis following the resignation of a key member of its executive team.

As has been the case before with UrtheCast, an event at one end of the business can have domino effects throughout the company.

In this case, the Oct. 24 resignation of Fabrizio Pirondini, chief executive of UrtheCast’s Deimos Imaging subsidiary, has triggered the threat of a default notice . . .

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