PARIS — Geospatial imagery and services provider UrtheCast Corp. on March 9 said it was replacing its founding chief executive and would seek debt financing or a new equity raise as promised strategic investment still has not come.
The company said it continues to negotiate with an unnamed “institutional investor” to finance its $195 million UrtheDaily constellation of satellites. But it gave no indication of whether these negotiations, which have now dragged on for months, would lead to a commitment anytime soon.
UrtheCast had told investors in September that its . . .
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