AERKOMM announces registration statement for public offering of common stock.
AERKOMM files an S-1/A3 amendment with the SEC for a proposed offering of up to €40 million in common stock at €20.50 per share, with proceeds targeted at building the company's first ground station and data center in Asia.
AERKOMM Inc. (Euronext Paris: AKOM; OTCQX: AKOM) has filed an amendment to its Form S-1 registration statement with the U.S. Securities and Exchange Commission, relating to a proposed offering of up to €40 million in common stock at €20.50 per share.
Use of proceeds
Proceeds are earmarked for general corporate purposes — working capital, product development, marketing, organizational expansion, and capital expenditures — with a key allocation to building AERKOMM’s first ground station and data center in the Asia region.
Filings
The offering prospectus was filed with the SEC and is available on its website. The registration statement is not yet effective at the time of this announcement, and the securities cannot be sold until effectiveness is achieved.
The registration statement was subsequently declared effective on November 6, 2020.
Source: PR Newswire ↗