PARIS — Cubesat builder AAC Microtec Clyde Space (AAC-Clyde) told shareholders it has no immediate need of cash but may elect to raise funds for further expansion into the United States and for propulsion and on-board-processing technologies.
The company offered no short-term relief to shareholders whose options are under water given the stock’s decline in the past two months, but that the market should turn around as AAC-Clyde generates revenue and earnings from growth.
“We are confident in our market, our position and our . . .
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