Moon Express raised $1.53 million at first close almost two weeks ago

XDATA – October 13th 2015
Moon Express reported launching a $2.53 million mezzanine private placement. According to the filing, 60% or $1.53 million was sold to two backers almost two weeks ago. $1 million in additional funding can be raised before September 2016 based on the placement’s structure. A total of six unregistered securities offerings closed by the company raised an estimated $51.78 million.
Moon Express manufactures and develops innovative, flexible and scalable new robotic spacecraft that reduce the cost of space exploration and unlock the mysteries and resources of the moon. The company’s 2015 technology demonstrator mission is the first in an ongoing series of lunar missions focused on science, exploration and commerce.
The company, headquartered in Moffett Field CA, is led by Robert Richards (CEO). Moon Express kept its revenues undisclosed.
The executive team includes Daven Maharaj and Ken Sunshine.
The board of directors includes Barney Pell and Naveen Jain.

The company has raised an estimated total of $53.31 million via private unregistered security offerings.

Offering recap
Status: First close
Company: Moon Express
Industry: Other
Amount offered: $2.53 million
Amount placed: $1.53 million
SEC filing: Source
First sale: 09-30-2015
Data as of: 10-13-2015

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