PARIS — Startup satellite data-relay service provider SpaceLink is seeking to raise its first tranche of equity financing through a no-interest, 18-month note that would convert to SpaceLink shares at a 20% discount to a planned SpaceLink IPO or SPAC-enabled U.S. stock-market listing.
If the stock-market listing does not happen within 18 months, the note could be converted to cash or shares in SpaceLink’s parent company, Electro-Optic Systems Holdings Ltd. (EOS) of Australia, with a premium of up to 25 . . .
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