Asian Surveying & Mapping
Breaking News
Luokung Announces eMapgo Signs Cooperation Agreement with Microsoft for Launch of Autonomous Driving Services
BEIJING - Luokung Technology Corp. (NASDAQ: LKCO) ("Luokung" or the...
SLA launches OneMap3D; signs MOUs with PropNex, Ninja Van and Kabam to further the use of OneMap
SINGAPORE (EDGEPROP) - Singapore Land Authority (SLA) has launched...
Agrowing and Senseacre Labs partner for enhancing aerial remote sensing from NDVI to Deep Learning AI Precision Agriculture” solutions in India
MADHAPUR, INDIA AND RISHON LEZION, ISRAEL Senseacre Labs, selected...
Singapore Geospatial Festival 2021
Virtual line-up of geospatial interest and capabilities, knowledge-seeding by...
ISRO Invites Applications from Students for Two-week Free Online Course on Remote Sensing and GIS Technology
ISRO, through its centre the Indian Institute of Remote...
Rajnath Singh unveils South Asia’s largest Genomics research centre in Hyderabad
Hyderabad: Nucleome on Thursday unveiled South Asia’s largest and most...
New satellite system could improve Australia’s water quality management
An analysis carried out by the University of New...
China launches twin satellites capable of creating 3D maps in space
China has been busy in 2021 as it ramps...
Egyptian Space Agency says Egypt to launch 4 satellites in 2022
Chief Executive Officer of the Egyptian Space Agency Mohamed...
Government launches new portal to facilitate geospatial planning of MGNREGA assets
The portal will serve as a repository of assets...

September 9th, 2021
Kleos secures A$12.6 million to grow constellation

Kleos Space S.A (ASX: KSS, Frankfurt: KS1), a space-powered Radio Frequency Reconnaissance data-as-a- service (DaaS) company, has secured A$12.6 million (equivalent to 9.3 million USD) from new and existing institutional and sophisticated investors in Australia and the U.S. via a Placement of approximately 14,823,529 new CHESS Depositary Interests over Kleos ordinary shares (CDIs) at A$0.85 (~0,63 USD) per

CDI (Placement).

The Placement includes cornerstone investments from Perennial Value Management and Thorney Investment Group.

Commenting on the Placement, Kleos CEO Andy Bowyer said, “I am extremely pleased to welcome new high-calibre institutional investors Perennial and Thorney to the register. The strong support we have received from new and current investors reflects Kleos’ significant technical and commercial progress that is accelerating rapidly.”

The Placement proceeds will be used to fund the launch of future satellite clusters and to scale Kleos’ data-as-a-service offering.

Placement details

The 14,823,529 CDIs will rank equally with existing ordinary CDIs of the Company and will be issued under the Company’s issuing capacity in accordance with ASX Listing Rule 7.1A. Settlement is expected to occur by 10 September 2021, with allotment expected to occur on 15 September 2021. The 8,894,118 Options will be issued under ASX Listing Rule 7.1.

The A$0.85 (~0,63 USD) Placement price represents a 9.6% discount to the 30-day volume weighted

average trading price and is inclusive of three attaching options for every five CDIs issued, exercisable at A$1.20 and expiring three years from the date of issue.