UrtheCast looks to Deimos Imaging sale, new credit agreement this year to secure its future

by Peter B. de Selding

UPDATE Sept. 12: UrtheCast said it secured financing to pay Land O'Lakes the $5 million due in October as the second of three tranches, totaling $20 million, for the GeoSys data-analytics acquisition from Land O'Lakes. The financing came in the form of convertible and non-convertible debentures with Vine Rose Ltd. and carries and an annual interest of 17%. In addition, UrtheCast paid a 3% fee of $150,000.

FREEPORT, Maine — Canadian Earth imagery and data analytics provider UrtheCast Corp. reported improved financial results for the . . .

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