PARIS — Satellite geospatial imagery and services provider UrtheCast Corp. on April 2 said it was scrambling to conclude a loan arrangement whose strict terms show how close UrtheCast is to the edge.
The company’s auditor, PriceWaterhouseCoopers LLP, drew attention to UrtheCast’s assessment of its financial condition in its audit of UrtheCast’s 2017 accounts, in which the company says its survival as a going concern hinges on a near-term loan of $142 million to finance its six-satellite UrtheDaily constellation.
Financing of up to 35 million . . .
To view the entire article, become a subscriber!
