Space mining company Planetary Resources raises $12.2 million from sixteen backers

XDATA – October 20th 2015
So far sixteen investors participated to Planetary Resources‘ $19.99 million non-brokered financing round. Financial backers bought, on October 6th, 61% of the offering or $12.23 million worth of equity. $7.76 million in additional funding can be raised before October 2016 based on the placement’s structure. It appears to be the first time the company is filling a security offering under a registration exemption.
The company is focused on conducting low-cost robotic space exploration beginning with the Arkyd series of space missions that will identify the most commercially viable near-Earth asteroids. These initial missions will assist the company in enabling the retrieval of raw materials from these select asteroids, including water, precious metals and more. Financial backers include Larry Page, Eric Schmidt and Ross Perot Jr.
The company, headquartered in Redmond WA, is led by Eric Anderson (Chairman). Planetary Resources elected to keep its revenues undisclosed.
The executive team includes Chris Lewicki, Joseph Landon and Michael Murray.
The board of directors includes Bryan Johnson and Peter Diamandis.
Offering recap
Status: First close
Company: Planetary Resources
Industry: Other Technology
Amount offered: $19.99 million
Amount placed: $12.23 million
SEC filing: Source
First sale: 10-06-2015
Data as of: 10-20-2015


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